VHIS tax deduction

自願醫保扣稅

The premium for a qualifying Voluntary Health Insurance Scheme plan bought for yourself or a specified relative can be claimed as a deduction when salaries tax or personal assessment is worked out, with a yearly cap for each insured person. The deduction comes off taxable income rather than off the tax itself, so how much tax it saves depends on your marginal tax rate. The cap is the amount the Inland Revenue Department publishes.