VHIS is more than tax deductions, be mindful of the calculation and get insured wisely
HONG KONG SAR – Media OutReach – 13 March 2023 – Voluntary Health Insurance Scheme (VHIS) policyholders are eligible to claim up to HK$8,000 for tax deduction. If we use a tax rate of 17% for calculation, the total tax deduction exceeds HK$1,300. However, many policyholders focus on saving the most tax, but neglecting the actual premium paid, and end up saving less money. VHIS Tax Deduction […]