Hong Kong Company Formation- Company Formation, offshore company formation, offshore company, limited company

Hong Kong Company Formation: Charitable Donations

Charitable Donations

A person who is chargeable to Salaries Tax or Profits Tax or who elects to be personally assessed can deduct from assessable income or assessable profits or total income for Personal Assessment the aggregate (not less than $100) of donations made to approved charitable institutions or trusts of a public character or to the Government for charitable purposes up to a limit of 35% (25% for years of assessment 2005/06 to 2007/08) of the adjusted assessable income or adjusted assessable profits or total income for Personal Assessment.