Tax efficient housing - avoiding the common pitfalls

The PricewaterhouseCooper''s partner examines common pitfalls of rental reimbursement arrangements in Hong Kong.

For many companies, providing rental reimbursement to employees as part of their pay has been normal practice for many years without any problems. It does not require any additional cost outlay by the company. The employee receives the same amount of pay each month but pays less tax than someone else earning the same who does not get rental reimbursement. Is this too good to be true Well, as some taxpayers have found out to their cost, it is too good to be true if the employer does not provide the rental reimbursement correctly.

Rental reimbursement arrangements operated by companies in Hong Kong have largely gone unchallenged by the Inland Revenue Department IRD in the...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222