This year, tax payment will definitely be higher than last year. Not only the economy has return to normal, income has increased; but also the tax relief has reduced from 10,000 dollars to only 6,000 this year.
The Hong Kong Inland Revenue Department is going to issue the personal tax return for 2022/23 in early May, and tax filing must be completed within a specified time. Therefore, now is the time to prepare a tax plan, and reduce your tax burden in a legal way.
Our company has compiled an excel sheet, which is a simplified version of the 2022/23 salary tax payable calculation table, which can assist in calcuate your tax payable this year. You only need to fill in your relevant figures in the yellow boxes to calculate your tax payable result.The Excel calculation sheet can be found on our website (www.easiview.com.hk) under "what's news", click the link to download. Or you can contact our colleagues to provide.
If you think the calculation table is helpful, please forward it to your friends, and everyone who may needed.
Please note that this is just a simple version of the calculation table, and the calculation results are for reference only. For some complicated situations (such as other allowances or expenses, etc.), the calculation table may not be relavent. For an accurate calculation of the tax liability payable, please seek professional advice.
If you have any questions about the above calculation table, or if you have a more complicated situation, or want to make a tax plan, please contact our company.
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