Salaries Tax
Scope of Charge
Hong Kong salaries tax is charged on income arising in or derived from Hong Kong as per regional source.
Assessment Period
From 1 April of one year to 31 March of the next year.
Deductions and Allowances
Salaries tax clearly defines deductible items, that deductible portion includes donations from
governmentally approved charitable organisations, contributions paid to recognized
retirement schemes, self-education expenses, interest on personal home loans and all
outgoing expenses incurred in order to fully or necessarily produce the assessable income.
The information for tax allowances and tax rates for the year 2012/13 and 2013/14 is listed below:
Rate of Taxation
Rate of Taxation Salaries tax is chargeable at progressive rates or standard rate, which will be the smaller of the following:
15% of net total income chargeable at standard rate
Net chargeable income at salaries tax progressive rates
Contact us
Hong Kong: +852 2143 9702
Shenzhen: +86 755-2588 0434
Email address: ruuws@uwstar.com
Whatsapp:+86 138 2525 2706
