California, United States
Hong Kong Tax System | No VAT & GST Taxes
Hong Kong's simple and low offshore tax rate system including 3 types of direct taxes is the major attraction to foreign investors. Hong Kong adopts a territorial source principle of taxation, which means that only profits sourced in Hong Kong are taxable in Hong Kong. No VAT or GST, sales tax, capital gain tax, gain tax, etc are imposed in this tax system. ...
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