Personal Tax Guide

📋 Key Facts at a Glance Critical Compliance: Hong Kong requires contemporaneous transfer pricing documentation for related-party transactions exceeding HK$...

📋 Key Facts at a Glance Tax Rate: 15% flat rate on Net Assessable Value (unchanged since 2008/09) Statutory Deduction: Automatic 20% allowance for repairs...

📋 Key Facts at a Glance China-HK DTA Benefits: Dividends can be taxed at 5% (vs. 10% standard) for qualifying Hong Kong entities with ≥25% shareholding Hon...

📋 Key Facts at a Glance Territorial Principle: Hong Kong only taxes profits sourced within its borders, not worldwide income Two-Tier Rates: Corporations p...

📋 Key Facts at a Glance Core Principle: Expenses must be incurred "wholly and exclusively" for producing assessable profits under Hong Kong's Inland Revenu...

📋 Key Facts at a Glance Hong Kong's Tax System: Territorial basis - only Hong Kong-sourced profits are taxable Profits Tax Rates (2024-25): Corporations: 8...

📋 Key Facts at a Glance Two-tier Profits Tax: 8.25% on first HK$2 million, 16.5% on remainder for corporations (only one entity per group can claim lower t...

📋 Key Facts at a Glance Trust Duration: Hong Kong: 80-year perpetuity period vs. Singapore: Perpetual trusts allowed Tax Advantage: Hong Kong offers 0% ta...

📋 Key Facts at a Glance Tax Rate: 0% concessionary rate on qualifying transactions for eligible Family Investment Holding Vehicles (FIHVs) Minimum AUM: HK$...

📋 Key Facts at a Glance Hong Kong has no general capital gains tax: Gains from selling investments, property, or other assets are typically not taxed unles...

📋 Key Facts at a Glance Fifth Protocol Effective: Signed July 19, 2019; effective from January 1, 2020 (Mainland China) and April 1, 2020 (Hong Kong) Redu...

📋 Key Facts at a Glance Tax Advantage: Hong Kong corporations pay only 8.25% on first HK$2 million profits, 16.5% thereafter Retirement Savings: MPF contri...