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  #1  
Old 03-09-2006, 11:13 AM
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Join Date: Jul 2006
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Submariner is an unknown quantity at this point.
Taxes on Bonuses
From the IRD website, it appears that HK does not have a higher tax rate for bonuses. It seems that bonuses are just lumped in together with the salary. Is this correct or did I miss something?

If this is correct, does the US also lump everything together since that's how HK would report it to the IRS? Or do they differentiate bonus from salary as they do domestically and tax the bonus at a higher rate?
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  #2  
Old 03-09-2006, 11:41 AM
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For the HK taxes you are correct.
No idea on US taxes - sorry.
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  #3  
Old 03-09-2006, 01:14 PM
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From my own experience all commission and bonuses are added onto your base salary for US taxes. So, you pay tax on the total package (salary plus bonus).
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