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The Native-speaking English Teacher (NET) Scheme came into operation in Hong Kong in 1998. It is a scheme which allows governmental and government subsidised primary and secondary schools in Hong Kong to employ English teachers from overseas. The aim of the scheme is to provide local students with exposure to authentic English language and to ...
Members of occupational retirement schemes with specific exemptions, and foreign citizens who work in Hong Kong for periods shorter than 13 months or who are covered by another country's retirement system may also be exempt. [4] Under the scheme, the choice of MPF provider is the province of the employer, with employees having no say. [3]
Salaries tax is imposed on any office, employment and pension sourced in Hong Kong. [1] Office basically refers to the holding of office as a director or company secretary of the company resident in Hong Kong. Director's fee is fully taxable in Hong Kong irrespective where the director rendered services in Hong Kong or not. [2]
Each member of the Mandatory Provident Fund earned an average of HK$9,395 (US$1,212) in the past three months, thanks to a strong stock market performance. But analysts warn of a bumpy road ahead ...
The Direct Subsidy Scheme (DSS) is instituted by the Education Bureau of Hong Kong to enhance the quality of private schools at the primary and secondary levels. [1] The Hong Kong government has been encouraging non-government secondary schools which have attained a sufficiently high educational standard to join the DSS by providing subsidies to enhance the quality of private school education ...
The Hong Kong compulsory pension scheme's over reliance on Hong Kong and Chinese stocks proved to be its undoing in 2021. As the Hang Seng Index and the Hong Kong-listed shares of mainland Chinese ...
Average net salary. HK$ 17,883 US$ 2,284 per month ... The economy of Hong Kong is a highly developed free-market economy. ... Individual Visit Scheme;
The Mandatory Provident Fund (MPF), Hong Kong's compulsory retirement scheme, is set to register its first loss in three years due to the equities slump that wiped out value in the city's stock ...