Entrepreneurs will find the new tax calculator a very useful tool as it estimates the total tax burden including corporate and personal level taxes for a business individual.
Hong Kong (PRWEB) March 15, 2010
GuideMeHongKong.com, a Hong Kong-focused business information portal, has launched an online tax calculator that allows users to estimate their Hong Kong taxes. The tax calculator also enables users to compare their Hong Kong tax liability with other jurisdictions. By providing a side-by-side comparison of the estimated tax burden in two different territories, this tool is especially useful for global entrepreneurs who are contemplating a business relocation to a new tax jurisdictions such as Hong Kong. The new tax calculator is designed to determine the total estimated tax including corporate tax, personal income tax, dividend tax and capital gains tax.
Melody Tan, the Manager of Tax Services at Janus Corporate Solutions said, "The dynamics of doing business have changed in recent times. Entrepreneurs find themselves operating in a highly volatile economic environment. Their key motive is to minimize uncertainty and maximize their profits. On these factors, Hong Kong is a preferred location owing to its stable, simple and low tax regime. Entrepreneurs will find our tax calculator a useful tool as it not only estimates the Hong Kong tax burden but also provides them an objective assessment of the tax savings that will accrue from setting up a business in Hong Kong vis-a-vis their country of residence or another jurisdiction."
The tax calculator does not require users to enter personal information such as their name, marital status, identity card number or tax identification numbers. A distinguishing feature of the tax calculator is its ease of use. "We have spent considerable time and effort to ensure that our tax calculator is user-friendly. Individuals are only required to enter simple and basic information such as their expected net profits from their business, salary income from employment and capital gains for a particular tax year. Based on the information provided, the tax calculator will estimate their total tax burden", said Ms. Tan.
Certain unique features further enhance the usefulness of the tool. For instance, it supports calculation in multiple currencies including US Dollar, Australian Dollar, Hong Kong Dollar, Singapore Dollar, UK Pound and Euro; a user can select any of these to enter data and obtain results of the tax computation and analysis. Users can access the tax calculator at http://www.guidemehongkong.com/hongkong-tax-calculator.
Launched in 2009, GuideMeHongKong.com is a Hong Kong-focused portal that provides comprehensive and up-to-date information to global organizations and entrepreneurs about Hong Kong tax and Hong Kong company formation.
Phone: +65 6222 7445