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GeoExpat.Com >  Features > Topics related to 'About Hong Kong > Facts and Figures' in Hong Kong

Archive for the ‘Facts and Figures’ Category

Hong Kong Income Tax

Monday, March 17th, 2008

Any expat who is posted to Hong Kong by his employer needs to be aware of his or her tax liabilities. Income taxation is known here as Salaries Tax, and is levied by the Inland Revenue Department (IRD).

This tax is imposed on ‘all income arising in or derived from Hong Kong from an office or employment or any pension,’ in the words of the IRD.

Hong Kong Taxi Fares

Tuesday, February 26th, 2008

img42The flagfall fare is scheduled to go up by a dollar starting midnight, Feb 28th 2008.

This is the first increase since 1998 (press release attached)

Basic Facts of Life Here

Monday, February 25th, 2008

Getting Around

Because Hong Kong’s main city is very compact, you’ll find getting around is quick and easy. There’s plenty of public transport, including trams, buses, taxis, ferries, and the local subway or underground rail system, the MTR. In just minutes, you can zip between Central, Wanchai, Causeway Bay and Tsim Sha Tsui.

Distances are so short, you can even walk between several places – though at times you have to negotiate rather convoluted routes forced on you by pedestrian unfriendly planners.

Hong Kong Facts and Figures

Monday, February 25th, 2008
Introduction Hong Kong
Background:
Occupied by the UK in 1841, Hong Kong was formally ceded by China the following year; various adjacent lands were added later in the 19th century. Pursuant to an agreement signed by China and the UK on 19 December 1984, Hong Kong became the Hong Kong Special Administrative Region (SAR) of China on 1 July 1997. In this agreement, China has promised that, under its "one country, two systems" formula, China’s socialist economic system will not be imposed on Hong Kong and that Hong Kong will enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years.

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