ARTHUR CHUNG
PACIFIC JADE TAX
Hong Kong
Last Updated 17/12/2024
AT A GLANCE
Need expert tax advice in Hong Kong? We make it easy. Tax Natives connects you with highly qualified, English-speaking tax advisors who know Hong Kong tax law inside and out.
Find your perfect match today to simplify your tax obligations.
THE HEADLINES
Here’s an overview of the key taxes in Hong Kong, including recent changes, rates, and considerations for people and businesses.
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Salaries tax – Between 2% and 17% based on income
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Profit tax – 16.5% standard rate for corporations, 15% for unincorporated businesses.
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Property tax – 15% on net assessable value (rental income minus allowable deductions
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Stamp duty – Up to 15% on property transactions for residential properties
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Withholding tax – 4.95% on royalties paid to non-residents from intellectual property used in Hong Kong.
HONG KONG TAX RATES AT A GLANCE
Stay informed about the essential tax rates in Hong Kong with our up-to-date summary.
| Tax Type | Description | 2024 Rates |
|---|---|---|
| Salaries Tax | Charged on income from employment, office, and pension in Hong Kong. | Progressive rates: 2% on the first HKD 50,000 6% on the next HKD 50,000 10% on the next HKD 50,000 14% on the next HKD 50,000 17% on the remainder |
| Standard Rate | Salaries tax can also be capped at a standard rate on net income (after deductions). | 15% |
| Personal Allowance | Basic tax-free personal allowance applicable to residents. | HKD 132,000 per year |
| Profits Tax (Corporations) | Tax on profits generated by companies operating in Hong Kong. | 16.5% |
| Profits Tax (Unincorporated Businesses) | Tax on profits for sole proprietors or partnerships. | 15% |
| Two-tiered Profits Tax Regime | For the first HKD 2 million of assessable profits. | 8.25% for corporations 7.5% for unincorporated businesses |
| Property Tax | Tax on rental income derived from properties located in Hong Kong. | 15% on net assessable value |
| Stamp Duty on Property | Charged on the sale or transfer of immovable property. | Rates vary (up to 15% for residential property) |
| Withholding Tax | Applicable to certain payments to non-residents (e.g., royalties). | No general withholding tax in Hong Kong, but 4.95% on royalties paid to non-residents |
| Double Taxation Relief | Relief under double tax treaties to avoid taxation on the same income in multiple jurisdictions. | Varies by treaty |
CONNECT WITH EXPERT TAX ADVISORS IN HONG KONG
Trying to tackle Hong Kong’s tax system can be a headache for expatriates, investors, and foreign businesses alike. We’ll connect you with your own experienced advisor to offer reliable advice on your tax needs.
So, whether you’re establishing a business or managing personal wealth, our network of certified tax professionals keeps you compliant and your tax bill low. From profit tax to double taxation concerns, let us help streamline the process and save you money.
Connect now and simplify your Hong Kong tax obligations.
FIND YOUR TAX ADVISOR IN 3 EASY STEPS
It’s never been easier to connect with an expert Hong Kong tax advisor. Just follow these three easy steps.
1. GET IN TOUCH
Tell us about your tax situation through our quick, easy form. This will help us find the right person for you.
2. GET MATCHED
Tell us about your tax situation through our quick, easy form. This will help us find the right person for you. Tell us about your tax situation through our quick, easy form. This will help us find the right person for you.
3. GET EXPERT GUIDANCE
Once matched, enjoy personalised advice for your situation. From compliance to tax optimisation, you’ll get everything you need to thrive.
It’s really that simple –get in touch to start now!
PERSONAL AND BUSINESS TAX SERVICES IN HONG KONG
Our expert tax advisors are here to help you lower your tax burden and stay compliant with Hong Kong regulations. Don’t risk expensive mistakes – reach out today to optimise your tax strategy.
PERSONAL TAX SERVICES
Hong Kong tax law got you stumped? Need to avoid double taxation or reduce inheritance tax for your loved ones? Our experts have got you covered. Here’s how we can help:
RESIDENTS AND EXPATS LIVING IN HONG KONG
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Salaries tax – Avoid confusion and overpayment on Hong Kong’s salary tax system, including deductions and allowances, so you know exactly what you owe.
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Tax residency – Make sure your tax residency status is correctly determined so you can dodge costly mistakes and stay compliant with local laws.
NON-RESIDENTS AND INVESTORS
- Non-resident taxation – Understand HK’s tax rules for non-residents, including filing requirements, available deductions, and structuring your finances to minimise liabilities.
- Property tax – Understand the specific tax laws related to HK properties so you can maximise deductions, reduce penalties, and keep investments profitable.
- Double taxation relief – Claim foreign tax credits and optimise your tax efficiency so you only pay what’s needed from you.
HIGH-NET WORTH INDIVIDUALS (HNWIS)
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Salaries tax – From allowances to deductions, make sure your salary income is accurately reported and structured to keep more of what you earn.
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Property tax – Whether you earn income from renting or selling property, minimise your property tax liabilities, including stamp duty and more.
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Tax residency – Establish the right residency for your cross-border homes and businesses to reduce your tax liabilities and stay on the right side of Hong Kong law.
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Non-resident taxation – If you hold assets in Hong Kong like property or securities, get help filing any relevant exemptions so you only pay the taxes you owe and nothing more.
RETIREES AND THOSE IWTH ESTATE PLANNING NEEDS
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Property tax – Own property in Hong Kong and unsure about your tax obligations? We’ll help you get the most from your deductions and keep your taxes as low as possible.
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Tax residency – If you spend a lot of your time abroad, residency can be confusing and even lead to overpaying taxes. Let’s make sure that doesn’t happen.
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Non-resident taxation – Have assets or income from Hong Kong and need help lowering your taxes? We’ll make sure your estate isn’t hit with surprise liabilities.
CORPORATE TAX SERVICES
Protect your business’s profit and keep steady growth with effective corporate tax planning and management from our expert tax advisors.
SMES / FAMILY-OWNED BUSINESSES
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Profit tax – Your SME must comply with HK’s profit tax regulations. Let us help you achieve this, improve profitability, and manage your overall taxation more effectively.
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Property tax – If your business owns property, our expert advisors can help you understand and tackle the tax implications related to owning, leasing, or selling property.
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Withholding tax – If you make your payments to overseas vendors or partners, let us help you comply with HK’s withholding tax laws to avoid penalties on cross-border payments.
STARTUPS / SCALE-UPS AND RESTRUCTURING BUSINESSES
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Profit tax – You need to manage any profit-related tax to remain efficient while growing or transitioning. Let us help you maximise deductions and remain compliant.
LARGE CORPORATIONS AND MULTINATIONALS
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Profit tax – Stay compliant and profitable across multiple jurisdictions by minimising tax exposure on international operations.
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Withholding tax – Get expert advice to meet HK tax requirements while lowering withholding tax liabilities through double taxation treaties and more.
PROPERTY DEVELOPERS AND CONSTRUCTION FIRMS
- Property tax – Get help managing your major property tax obligations on land acquisitions, development, and sales to improve project profitability.
RETAIL AND E-COMMERCE BUSINESSES
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Profit tax – Get expert advice to tax your profits efficiently, reduce your overall burden, and stay compliant with HK tax laws.
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Withholding tax – Minimise withholding tax on cross-border payments and avoid penalties with personalised support from our experts.
NON-PROFITS AND CHARITIES
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Profit tax – Get help staying compliant with profit tax rules alongside all other relevant tax exemptions afforded to your charity or non-profit.
YOUR TRUSTED PARTNER FOR HONG KONG AND INTERNATIONAL TAX
Struggling with difficult tax issues in Hong Kong? Tax Natives is here to help. We connect you with chartered tax advisors to tackle all kinds of multi-jurisdictional tax matters. So, whether you’re optimising your global tax strategy or trying to structure your business more tax efficiently, our advisors are here to help.
Get in touch now, simplify your taxes, and keep more of what you earn.
WHY CHOOSE TAX NATIVES?
Looking to simplify your tax challenges? Here’s why we can help:
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Expert network – Gain access to an exclusive network of chartered tax advisors highly experienced in Hong Kong tax law.
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Personalised matching – Our intelligent matching system connects you with the perfect tax advisor based on your specific situation and goals.
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Dedicated support – Get personalised ongoing support from your dedicated tax advisor – we’re all about your peace of mind.
Let’s make tax simple. Connect with an expert today and reduce your tax burden now!
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READY TO SIMPLIFY YOUR HONG KONG TAXES?
Take control of your taxes today. Connect with a trusted tax expert to reduce your tax burden and stay compliant. Our specialists will guide you through Hong Kong’s tax system, so act now to simplify your taxes and maximise your savings!
EXPAND YOUR REACH AND TAX EXPERTISE IN HONG KONG
Ready to connect with more clients than ever before in Hong Kong? Join the Tax Natives for access to businesses and people looking for top-tier advisors in Hong Kong. If any of the following describe you, you’re a perfect fit for the Tax Natives network:
- Tax advisors and accountants in Hong Kong
- Lawyers and solicitors in Hong Kong
- Financial advisors and wealth managers
- International tax professionals with Hong Kong clients
- Tax consultants and specialists
- Accounting firms and tax practices
- Boutique tax advisory firms
- Professionals seeking Hong Kong tax expertise
- Those looking to grow their client base in Hong Kong
- Individuals interested in cross-border tax strategies
FIND TAX ADVISORS NEAR YOU IN HONG KONG
Looking for a tax advisor in a particular area in Hong Kong? Our location-based matching service helps you quickly find the right expert. From Kowloon to the New Territories, our experts can help with all your tax needs.
Tax experts in the region
How Tax Natives works.
Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.
Ask a question to get startedSTEP ONE
Select the 'Ask a question button located on the top of each page and follow through the process to compose your question
STEP TWO
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Your Hong Kong tax questions answered
Get answers to your most pressing tax questions for the best guidance every step of the way.
How much does tax advice cost in Hong Kong?
The cost of tax advice in Hong Kong varies depending on your specific needs. But don’t worry—you’ll always get clear, upfront pricing tailored to your situation. Get in touch now for your own personalised quote.
How do I find a tax advisor who specialises in my specific needs?
At Tax Natives, our intelligent matching system connects you with an advisor specialising in your exact requirements, from property tax to corporate tax and everything in between. Start your search now and get the right expertise for your needs.
What qualifications should I look for in a Hong Kong tax advisor?
Look for advisors with chartered qualifications and extensive experience in Hong Kong’s tax laws. When you use Tax Natives, we make this easy for you, putting you in touch with thoroughly vetted professionals who meet the highest standards in the industry. Find yours today.
Can a tax advisor help me with inquiries or investigations by Hong Kong tax authorities?
Absolutely – our network of advisors includes specialists who deal with tax inquiries and investigations, so you know you’ll stay compliant and avoid any expensive fines. Reach out now for your own expert guidance and support.
How can I get the most out of my tax advisor?
By partnering with Tax Natives, you get proactive, tailored advice that maximises savings and keeps you compliant. Regular check-ins and updates from your advisor keep you ahead of your obligations, so contact us today and get the ball rolling!
GET PERSONALISED TAX ADVICE IN HONG KONG TODAY
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