indigo global

An accountancy body has called for tax deductions for voluntary mandatory provident fund contributions to be raised to 15 percent of assessable income, or HK$180,000 per annum. The recommendation by Certified Public Accountants Australia follows a survey of 136 of its members on key tax issues. Existing contributions are made at a 5 percent rate, with assessable income capped at HK$30,000 a month. More than 50 percent of respondents think the existing tax base is very narrow,