Hong Kong Taxation

Q: What are the taxes of Hong Kong taxation?

A:There are three kinds of taxes in Hong Kong taxation: Profits Tax, Salaries Tax and Property Tax.

Profits Tax shall be 16.5%of the taxable profits of the company; Salaries Tax shall be calculated by salary income at progressive tax rate, and paid up to 15% of total salary income; Property Tax 15% of the net rent income earned from owning properties after deduction of 20% standard tax relief for renovation and expenditure.