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Taxation of international executives

Hong Kong became The Hong Kong Special Administrative Region (SAR) of the People’s Republic of China (PRC) on 1 July 1997 and has operated since that date under the terms of the Basic Law. The Basic Law provides that the laws previously in force in Hong Kong, that is, common law, rules of equity, ordinances, subordinate legislation and customary law shall be maintained, subject to amendment by the Hong Kong SAR.


In relation to the economy and tax system, the Basic Law provides that the Hong Kong SAR shall have independent finances and shall use its financial revenues exclusively for its own purposes. Further, the Basic Law provides that the PRC government shall not levy taxes in the Hong Kong SAR.


The official currency of Hong Kong is the Hong Kong Dollar (HKD).


Herein, the host country refers to the country where the expatriate is going on assignment. The home country refers to the country where the expatriate lives when he/she is not on assignment.


 Hong Kong - Topics



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 Hong Kong - Topics 

Taxation of international executives