NettetIn this situation, you may claim deduction in the amount of $6,000 ($500 x 12 months). Any contributions exceeding 5% of your salary would be regarded as voluntary … Nettet22 rader · Account holders can enjoy tax deductions under salaries tax or tax under …

Opted for new income tax regime? Here’s how you can save more

NettetJanuary 20, 2024. The tax deduction limit of HK$60,000 for both MPF Tax deductible voluntary contributions (“MPF TVC”) and Qualifying Deferred Annuity Policies (“QDAP”) … NettetTVC account holders can enjoy tax deduction under salaries tax or tax under personal assessment. Tax deduction cap For the 2024-20 year of assessment, the maximum tax … rotary club of blyth home page

HSBC MPF Tax Deductible Voluntary Contributions HSBC HK

NettetSince the tax assessment year 2024/2024, the maximum tax relief limit is HKD60,000 per tax year. This limit is shared between your TVCs and premiums paid to selected … NettetYou can then enjoy tax deduction under salaries tax or tax under personal assessment for your TVC. The maximum tax deduction amount per year (i.e. from 1 April to 31 March … NettetYes. Taxpayer may claim deduction for qualifying annuity premiums paid under one or more than one policy. However, the deduction allowable to the taxpayer should not … sto task force operation