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North Pole
Joined: 17 Oct 2007
Posts: 18
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 Posted: Thu Nov 13, 2008 6:09 pm Post subject: EDB gave away freebies last year - eg. Tax back.. Did they? |
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| Harry Houdini,you wrote in a reply to Cliviger in a Nov. 10 post that the EDB gave away freebies last year - You mention tax back as an example... As I have not been following this Forum close enough, I missed any postings on that matter... Can you,please, [or any other reader] tell me what some of these frrebies were? Are you saying that NET teachers for the school year 2006 had their income tax returned?Thanks... |
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anninhk
Joined: 08 Oct 2005
Posts: 284
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| Posted: Thu Nov 13, 2008 11:37 pm Post subject: |
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The EDB is not empowered to give anything away! However the government of Hong Kong did give a tax rebate to everyone who pays tax of up to $25000.
If you work in Hong Kong as a NET for two years you get a gratuity of 15% of your salary, and as that is the current rate of income tax and there is no GST in Hong Kong, your salary is virtually tax free anyway so the $25000 was a bit of a bonus you could say! |
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North Pole
Joined: 17 Oct 2007
Posts: 18
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| Posted: Fri Nov 14, 2008 12:19 am Post subject: Anninhk... Tax rebate... |
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Thanks Anninhk... Can you please tell me for what tax year that was for?2006 or 2007?
By 25000$ you mean that was the figure for the maximum amount of tax rebate the HK Government gave to anyone? Thank you. |
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anninhk
Joined: 08 Oct 2005
Posts: 284
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| Posted: Fri Nov 14, 2008 1:39 am Post subject: |
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Yes, $25000 was the maximum.
It was for 2007/08.
We got $15000 for 2006/07 |
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