However, not all payments you have made are deductible. You can normally claim deductions for donations made to approved charitable organizations. More on tax deduction for domestic rents Approved Charitable Donations The deduction is applicable to a year of assessment commencing on or after 1 April 2022 (i.e. The amendment ordinance provides tax deductions under salaries tax and personal assessment for domestic rents. The Inland Revenue (Amendment) (Tax Deductions for Domestic Rents) Ordinance 2022 was enacted on 30 June 2022. More on deductions for qualifying annuity premiums and tax deductible MPF voluntary contributions Tax Deduction for Domestic Rents The deductions are applicable to a year of assessment commencing on or after 1 April 2019 (i.e. The amendment ordinance provides tax deductions under salaries tax and personal assessment for qualifying annuity premiums and tax deductible MPF voluntary contributions (TVC). The Inland Revenue and MPF Schemes Legislation (Tax Deductions for Annuity Premiums and MPF Voluntary Contributions) (Amendment) Ordinance 2019 was enacted on 29 March 2019. More on deductions for qualifying premiums paid under the Voluntary Health Insurance Scheme (VHIS) policy Tax Deductions for Qualifying Annuity Premiums and Tax Deductible MPF Voluntary Contributions The deduction is applicable to a year of assessment commencing on or after 1 April 2019 (i.e. The amendment ordinance gives effect to a tax deduction under salaries tax and personal assessment to taxpayers who pay qualifying premiums under a Certified Plan of VHIS for themselves or their specified relatives. 8) Ordinance 2018 was enacted on 9 November 2018. 33: Insurance Agents (pdf file) Qualifying Premiums Paid under the Voluntary Health Insurance Scheme (VHIS) Policy 9: Major Deductible Items under Salaries Tax (pdf file) Departmental Interpretation and Practice Notes No. Departmental Interpretation and Practice Notes No. Information on how the Inland Revenue Department considers allowances for capital expenses, outgoings and expenses, and some other expenses for which you can claim deductions is available through the link below. Exceptions are expenses of a domestic or private nature and capital expenditure. You can claim outgoings and expenses that are wholly, exclusively and necessarily incurred in the production of the assessable income. Deductions Allowable under Salaries Tax and Personal Assessment This article explains what deductions are, the various types of deductions available and why you should retain your supporting documentation. Along with the various allowances available, you may claim other deductions under salaries tax and personal assessment.
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