Problem Do you have to pay Taxes beforehand in Hong Kong, when You withdrawl money from broker and you are an outside entity

[edwardss]

I am a victim of a scam, scammers played me with same trick. I called and checked with HK Tax Office, they always send you a TAX NOTICE when they asking tax from you.
And always call you with a landline phone, phone number in this format +852 2594 xxxx

 

[earthbean]

I tried to pull money out. The scam website obt8.com just wiped my account clean. Even added negative balance. 99% of unregistered forex brokers off Hong Kong are scammers.

This is especially true if the initial approach was a unknown person tried to befriend you.

 

[The Punisher]

No, there are not taxes on personal investment income or capital gains in Hong Kong! Any company that demands for you to pay them directly is committing tax fraud per the tax laws in Hong Kong.

 

[redass98]

To whom it concerns!
If you are scammed in HongKong do it the same way I went . Use this link and send all your available data
directly to the HKG CYber Crime Police https://www1.erc.police.gov.hk/cmiserc/CCC/PolicePublicPage?language=en but don`t forget to file a law suit at the local police where you are situated . I got a notice
from the German authorities and HKG , that they are working in that matter.

 

[redass98]

I have written to the Administration Financial Department in HKG asking for the same and got the following answer " According to the information provided and the business license attached in your captioned email, it is confirmed that “Bairrada International” has not been a company or business being registered under the Business Registration Ordinance in Hong Kong. In view of this, we are not in the position to make comments on your reported case. Therefore you don`t have to pay "investment income tax" in HongKong. It seems like in many other cases that you have been scammed by an illegal company. Please use this link for further filing a complaint with the HKG Police https://www1.erc.police.gov.hk/cmiserc/CCC/PolicePublicPage?language=en. and so on...

 

[fidelaklemm8]

If you do not receive income from stocks, you do not have to report them for taxes.

 

[fidelaklemm8]

If you do not receive income from stocks, you do not have to report them for taxes.

As soon as you start earning income, you have to fill out an income tax return with the IRS. Of course, you can initially register the stock as a possible source of income and open a bank account. If you profit from the stock sale, taxes will automatically be deducted from this account. The system may seem complicated, but in fact, it is not. It is similar to the payroll system. When an employer calculates a paycheck, he deducts all taxes. He uses pro-rata salary calculator. In any case, everyone who receives income has to pay taxes.

 

[fidelaklemm8]

I have written to the Administration Financial Department in HKG asking for the same and got the following answer " According to the information provided and the business license attached in your captioned email, it is confirmed that “Bairrada International” has not been a company or business being registered under the Business Registration Ordinance in Hong Kong. In view of this, we are not in the position to make comments on your reported case. Therefore you don`t have to pay "investment income tax" in HongKong. It seems like in many other cases that you have been scammed by an illegal company. Please use this link for further filing a complaint with the HKG Police https://www1.erc.police.gov.hk/cmiserc/CCC/PolicePublicPage?language=en. and so on...

If you do not receive income from stocks, you do not have to report them for taxes. As soon as you start earning income, you have to fill out an income tax return with the IRS. Of course, you can initially register the stock as a possible source of income and open a bank account. If you profit from the stock sale, taxes will automatically be deducted from this account. The system may seem complicated, but in fact, it is not. It is similar to the payroll system. When an employer calculates a paycheck, he deducts all taxes. He uses pro-rata salary calculator.

In any case, everyone who receives income has to pay taxes.

 

[redass98]

If you do not receive income from stocks, you do not have to report them for taxes.

With Bairrada is no chance to withdraw money from your account. They pretend you have to pay 20% Investment Income Tax with BINANCE APP directly to the wallet of the Broker. BUT THIS LIE ISN´T TRUE.
NEVER PAY MONEY ASKED LIKE THIS; IT IS LOST WHEN YOU HAVE SEND IT:

 

[The Punisher]

As soon as you start earning income, you have to fill out an income tax return with the IRS. Of course, you can initially register the stock as a possible source of income and open a bank account. If you profit from the stock sale, taxes will automatically be deducted from this account. The system may seem complicated, but in fact, it is not. It is similar to the payroll system. When an employer calculates a paycheck, he deducts all taxes. He uses pro-rata salary calculator. In any case, everyone who receives income has to pay taxes.

Your statement is not accurate. The US Government (IRS) collects taxes owed directly from investors, not a broker. It is ILLEGAL for a broker to collect taxes from its clients. Let me repeat that statement, it is 100% ILLEGAL for any broker to ask clients to pay taxes to them directly! No Investor should ever pay taxes to the investment company.