Personal Tax Guide

📋 Key Facts at a Glance Fact 1: Hong Kong's transfer pricing rules align with OECD BEPS standards, requiring three-tier documentation (Master File, Local F...

📋 Key Facts at a Glance Fact 1: Hong Kong residents can claim up to HK$100,000 annually for self-education expenses directly related to their employment Fa...

📋 Key Facts at a Glance Territorial Tax System: Only Hong Kong-sourced profits are taxable; offshore income generally exempt Competitive Corporate Rates: T...

📋 Key Facts at a Glance Territorial Tax System: Only Hong Kong-sourced profits are taxable, with foreign-sourced income generally exempt Low Corporate Tax...

📋 Key Facts at a Glance Free Port Status: Hong Kong maintains zero customs duties on 99% of imports and exports, with only four product categories subject...

📋 Key Facts at a Glance Universal Application: Hong Kong applies property rates equally to all housing types—public rental, subsidized, and private—with n...

📋 Key Facts at a Glance Hong Kong's Territorial Tax System: Only Hong Kong-sourced income is taxable; foreign-sourced income generally exempt (subject to F...

📋 Key Facts at a Glance Tax-Efficient Environment: Hong Kong's territorial tax system means only Hong Kong-sourced income is taxed, with no capital gains t...

📋 Key Facts at a Glance Rateable Value ≠ Market Value: RV is estimated annual rental value; MV is sale price Property Rates: 5% of Rateable Value for most...

📋 Key Facts at a Glance Tax Deduction: MPF contributions are tax-deductible up to HK$18,000/year (2024-25) Compliance Risk: Late MPF contributions can resu...

📋 Key Facts at a Glance Fact 1: Joint assessment is optional for married couples - you must actively elect for it each year if beneficial Fact 2: The marri...

📋 Key Facts at a Glance Hong Kong's Territorial System: No capital gains tax, but IRD scrutinizes offshore income claims to prevent abuse of territorial ta...