Junior Member
Joined: 26 Sep 2006
1.No interest but short life scheme.
Housing loans in Hong Kong is interest free.
but it was a short life scheme for 1 and half
year
The HALS was introduced in January 2003,.....
The Housing Authority (HA) endorsed the immediate termination of
the Home Assistance Loan Scheme (HALS) on 14 July 2004.
2. household earning 75% higher than average income and pay no
income tax----is it fair??
maurizio13 wrote
In case you don't know, Hong Kong has a deduction for basic
allowance of HKD 100,000, married person's allowance of HKD
200,000, child allowance of HKD 40,000, etc. So if you are a family
of 4 (with 2 child) unless you are making more than HKD
380,000 a year, you don't have to pay any income tax and
there is NO GST (indirect tax or ad valorem) to pay. HKD 380,000 is
equivalent to SGD 76,000, which is about SGD 6,333.33 per month.
Yes, if you make SGD 6,333 per month in Hong Kong, you don't have
to be subjected to tax!!!
You should go read my above post, about how much paying in advance
affects your loss in interest income ( interest rate of 1%).
my reply:
maurizio13 wrote on 06.dec 2006
Average household income is HKD 18,884 and 30.6% (HKD 5,779)
goes to housing
If a household in HK earnoing HK$31,666 or HK$380,000
,as told by maurizio13, and it is damn good 75 %
above
average and need not paying income tax in HK,
do you think anything wrong with HK taxation sys??
3.Low tax or no tax are not always good things.
Read how HK people react to government lack of funds to do
things which are necessiarily then you know why tax is an
necessarily
evil!!
NO MONEY NO TALK.
4.HK selling public assets to reduce budget
deficit
all
the commerical shopping centers in public housing was sold to a
Link Managemant Ltd.
one of the main purposes of this sale is dressing the budget of HK
..
This like fund manager window dressing sales before book
closed.
