{"id":1525,"date":"2022-06-16T15:07:24","date_gmt":"2022-06-16T07:07:24","guid":{"rendered":"https:\/\/pacersconsulting.com\/?p=1525"},"modified":"2022-07-14T17:11:04","modified_gmt":"2022-07-14T09:11:04","slug":"all-in-one-personal-tax-policies-in-popular-locations-for-immigration","status":"publish","type":"post","link":"https:\/\/pacersconsulting.com\/en\/blog-en\/taxation-en\/all-in-one-personal-tax-policies-in-popular-locations-for-immigration\/1525\/","title":{"rendered":"All in one, Personal Tax Policies in Popular Locations for Immigration"},"content":{"rendered":"\n<p>To leave your home, immigrating to another country is not an easy decision to make. It is not only about adapting to a new and unfamiliar environment and culture, but also about finding new residence and jobs. Therefore, Pacers would like to assist you all by listing tax information of some popular locations for immigration (Taiwan, Australia, and the United Kingdom). We hope it is helpful if you are considering immigration.<\/p>\n\n\n\n<h2>Below is some personal tax information for the countries. (Information is extracted in 2021)<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><tbody><tr><td>&nbsp;<\/td><td>Hong Kong<\/td><td>Taiwan<\/td><td>Australia<\/td><td>The United Kingdom<\/td><\/tr><tr><td>&nbsp;<\/td><td>Salaries Tax\/Personal Assessment<\/td><td>Individual Income Tax<\/td><td>Income Tax<\/td><td>Income Tax<\/td><\/tr><tr><td>Source of income<\/td><td>i. Work income<\/td><td>i.   Work income<br>ii.  Income generated from a cooperative or operating business in a partnership<br>iii. Dividend income<\/td><td>i.   Work income<br>ii.  Rental income<br>iii. Age pension, Superannuation, Government assistance<br>iv. Interest income<br>v.  Dividend income, and<br>vi. Income generated from a cooperative or operating business in a partnership, and<br>vii. Other income (e.g. Insurance claim, winning a lottery)<\/td><td>i.   Work income<br>ii.  Rental income<br>iii. Interest income<br>iv. Dividend income<br>v.  Pension<\/td><\/tr><tr><td>Tax Regime<\/td><td>Progressive system<\/td><td>Progressive system<\/td><td>Progressive system<\/td><td>Progressive system<\/td><\/tr><tr><td>Year of Assessment<\/td><td>From 1<sup>st<\/sup> April to 31<sup>st<\/sup> March in the following year<\/td><td>From 1<sup>st<\/sup> January to 31<sup>st<\/sup> December<\/td><td>From 1<sup>st<\/sup> July to 30<sup>th<\/sup> June in the following year<\/td><td>From 6<sup>th<\/sup> April to 5<sup>th<\/sup> April in the following year &nbsp;<\/td><\/tr><tr><td>Tax Rate<\/td><td>Annual income (HK$)  On the first HK$50,000 &#8212; <strong>2%<\/strong><br> <br>On the next 50,000 &#8212; <strong>6%<\/strong><br> <br>On the next 50,000 &#8212; <strong>10%<\/strong><br><br>On the next 50,000 &#8212; <strong>14%<\/strong><br><br>Remainder &#8212; <strong>17%<\/strong><\/td><td>Annual income (TWD) 0 \u2013 540,000 (About HK$0 \u2013 HK$149,000) &#8212; <strong>5%<\/strong><br><br>Annual income (TWD) 540,001 \u2013 1,210,000 (About HK$149,000 \u2013 HK$334,000) &#8212;<strong>12%<\/strong><br> <br>Annual income (TWD) 1,210,001 \u2013 2,420,000 (About HK$334,500 \u2013 HK$669,000) &#8212; <strong>20%<\/strong> <br><br>Annual income (TWD) 2,420,001 \u2013 4,530,000 (About HK$669,000 \u2013 HK$1,253,000) &#8212; <strong>30%<\/strong> <br><br>Annual income (TWD) Above 4,530,000 (About HK$1,253,000 or above) &#8212; <strong>40%<\/strong><\/td><td>Annual income (AUD) 18,201 \u2013 45,000 (About HK$100,000 \u2013 HK$255,000) &#8212; <strong>Income above AUD18,201 is calculated at 19%<\/strong> <br><br>Annual income (AUD) 45,001 \u2013 120,000 (About HK$255,000 \u2013 HK$685,000) &#8212; <strong>Income at AUD5,092+AUD45,001 is calculated at 32.5% <\/strong><br><br>Annual income (AUD) 120,001 \u2013 180,000 (About HK$685,000 \u2013 HK$1,020,000) &#8212; <strong>Income at AUD29,467+AUD120,001 is calculated at 37% <\/strong><br><br>Annual income (AUD) <br>180,001 or above (About HK$1,020,000) &#8212; <strong>Income at AUD51,667+AUD180,001 is calculated at 45%<\/strong><\/td><td>Annual income (\u00a3)  12,571 \u2013 50,270 (About HK$133,000 \u2013 HK$532,000) &#8212; <strong>20% <\/strong><br><br>Annual income (\u00a3) <br>50,271 \u2013 150,000 (About HK$532,000 \u2013 HK1,588,500) &#8212; <strong>40%<\/strong><br> <br>Annual income (\u00a3) <br>150,001 or above (About HK1,588,500 or above) &#8212; <strong>45%<\/strong><\/td><\/tr><tr><td>Minimum number of days stayed that will be required a tax filing<\/td><td>More than 59 days<\/td><td>More than 90 days<\/td><td>No<\/td><td>More than 59 days<\/td><\/tr><tr><td>Tax filing period<\/td><td>Within one month after tax return is received<\/td><td>1<sup>st<\/sup> May to 31<sup>st<\/sup> May<\/td><td>1<sup>st<\/sup> July to 31<sup>st<\/sup> October<\/td><td>5<sup>th<\/sup> April to 31<sup>st<\/sup> January in the following year<\/td><\/tr><tr><td>Tax filing methods<\/td><td>After completion of tax return, you may submit it by:<br>1. Send the returns by post <br>2. eTAX System<\/td><td>1. By going to Revenue Service office or National Tax Bureau in person,<br>2. By e-Filing software of the Ministry of Finance<br>3. By online e-Filing system<\/td><td>1. By online system<\/td><td>1. By online system<\/td><\/tr><tr><td>Tax payment methods<\/td><td>1. By cash or cheque (Post offices, convenience stores or Revenue Tower)<\/td><td>1. By cash (bank or convenience stores)<br>2. By ATM<br>3. By credit card<br>4. By bank transfer<br>5. By mobile payments<\/td><td>Employers will deduct corresponding tax amount when paying wages. If you need to pay an overdue tax, you may <br>1. Pay by cash (Australian Taxation Office)<br>2. Pay by credit card<br>3. Pay by bank transfer<\/td><td>Employers will deduct corresponding tax amount when paying wages. If you need to pay an overdue tax, you may <br>1. Settle the amount through your employers or your pension providers<br>2. Follow methods listed in letters issued by Her Majesty\u2019s Revenue and Customs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2>Except for the tax regime, deductions are important when calculating final tax. We have summarized differences in deductions in different countries and below is the table:<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><tbody><tr><td>Allowances\/Exemptions<\/td><td>Hong Kong<\/td><td>Taiwan<\/td><td>Australia<\/td><td>The United Kingdom<\/td><\/tr><tr><td>Basic living expense<\/td><td>No<\/td><td>Change across years (When greater the allowances, basic living expense will be used to calculate allowance)<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Restrictions on Application<\/td><td>No<\/td><td>No<\/td><td>No<\/td><td>Annual income is less than \u00a3100,000 (About HK$1,050,000)<\/td><\/tr><tr><td>Basic Allowance<\/td><td>HK$132,000<\/td><td>i.  Aged under 70 \u2013 NT$88,000 (About HK$24,000) <br>ii. Aged 70 or above &#8211; NT$132,000 (About HK$36,500)<\/td><td>AUD18,200 (HK$100,000)<\/td><td>\u00a312,570 (About HK$133,000)<\/td><\/tr><tr><td>Deductions for a single person<\/td><td>No<\/td><td>NT$120,000 (About HK$33,000)<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Married person\u2019s allowance<\/td><td>HK$264,000<\/td><td>NT$240,000 (About HK$66,000)<\/td><td>No<\/td><td>An additional allowance of \u00a31,260 will be provided if you fulfil the below requirements, (Total allowance of \u00a313,830) (Additional allowance of HK$13,000\uff0cAbout HK$146,000 in total) <br>i.  You have an annual income below \u00a312,570; and<br>ii. Your spouse\u2019s annual income is between \u00a312,501 and \u00a350,270<\/td><\/tr><tr><td>Special deduction for employment income<\/td><td>No<\/td><td>NT$200,000 (About HK$55,000)<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Allowance for self-employed workers<\/td><td>No<\/td><td>No<\/td><td>No<\/td><td>\u00a31,000 tax-free trading allowance (AboutHK$10,500)<\/td><\/tr><tr><td>Deduction for letting fee<\/td><td>No<\/td><td>No<\/td><td>No<\/td><td>\u00a31,000 (About HK$10,500)<\/td><\/tr><tr><td>Special deduction for savings and investment<\/td><td>No<\/td><td>NT$270,000 (About HK$74,500)<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Starting rate for savings<\/td><td>No<\/td><td>No<\/td><td>No<\/td><td>Eligible if your annual income is below \u00a317,570 The allowance will be your income deducted by \u00a317,570 (Maximum allowance is \u00a35,000)<\/td><\/tr><tr><td>Personal savings allowance<\/td><td>No<\/td><td>No<\/td><td>No<\/td><td>Change according to income level <br>Annual income (\u00a3) 12,571 \u2013 50,270 (About HK$133,000 \u2013 HK$532,000) &#8212;<strong>Allowance (\u00a3) 1,000<\/strong><br><br>Annual income (\u00a3) <br>50,271 \u2013 150,000 (About HK$532,000 \u2013 HK1,588,500) &#8212; <strong>Allowance (\u00a3) 500<\/strong><br><br>Annual income (\u00a3) <br>150,001 or above (About HK1,588,500 or above) &#8212; <strong>No<\/strong> <strong>Allowance<\/strong><\/td><\/tr><tr><td>Child allowance<\/td><td>HK$120,000 (For each)<\/td><td>i.  Child received\/receiving tertiary education or above\uff1aNT$25,000 (For each) (About HK$6,900)<br>ii. Child aged below 5\uff1aNT$120,000 (For each) (About HK$33,000)<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Dependent brother or dependent sister allowance<\/td><td>HK$37,500 (For each)<\/td><td>NT$120,000 (For each) (About HK$33,000)<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Dependent parents and dependent grandparents allowance<\/td><td>i.  Aged 60 or above or eligible to claim an allowance under the Government&#8217;s Disability Allowance Scheme: HK$50,000 (For each)<br>ii. Aged between 55 and 60\uff1aHK$25,000 (For each)<\/td><td>i.  Aged below 70 &#8211; NT$88,000 (For each) (About HK$24,000) <br>ii. Aged 70 or above &#8211; NT$132,000 (For each) (About HK$36,500)<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Single parent allowance<\/td><td>HK$132,000<\/td><td>No<\/td><td>No<\/td><td>No<\/td><\/tr><tr><td>Personal disability allowance<\/td><td>HK$75,000<\/td><td>NT$120,000 (For each) (About HK$33,000)<\/td><td>No<\/td><td>No (Allowance of \u00a32,500 for blind person) (About HK$26,400)<\/td><\/tr><tr><td>Disabled dependent allowance<\/td><td>HK$75,000 (For each)<\/td><td>NT$120,000 (For each) (About HK$33,000)<\/td><td>No<\/td><td>No<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>That\u2019s all for the personal tax information of some popular immigration locations, and we hope it can be a helpful reference if you are considering immigration. We will continue to discuss different tax systems with you in the future. If you are interested in any systems or immigration locations, do not hesitate to leave your comment in the comment section.<\/p>\n\n\n\n<p>Pacers is a diversified company providing professional consultancy services. We always think a step further for our clients. If you have encountered any difficulties when filing tax, please feel free to contact us directly on our website or email <a href=\"mailto:info@pacersconsulting.com\">info@pacersconsulting.com<\/a>.<\/p>\n\n\n\n<p>Want to hear more techniques and examples of tax filing? Follow us on <a href=\"https:\/\/www.facebook.com\/pacersconsulting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a>, <a href=\"https:\/\/www.instagram.com\/pacersconsulting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a>, and Google now to stay on top of our latest news!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To leave your home, immigrating to another country is not an easy decision to make. It is not only about adapting to a new and unfamiliar environment and culture, but also about finding new residence and jobs. Therefore, Pacers would like to assist you all by listing tax information of some popular locations for immigration [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[27],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All in one, Personal Tax Policies in Popular Locations for Immigration - Pacers Consulting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pacersconsulting.com\/en\/blog-en\/taxation-en\/all-in-one-personal-tax-policies-in-popular-locations-for-immigration\/1525\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All in one, Personal Tax Policies in Popular Locations for Immigration - Pacers Consulting\" \/>\n<meta property=\"og:description\" content=\"To leave your home, immigrating to another country is not an easy decision to make. 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