Personal Tax Guide

📋 Key Facts at a Glance Critical Deadline: December 31 is the cutoff for many tax-deductible expenses in Hong Kong's April 1-March 31 tax year Home Loan I...

📋 Key Facts at a Glance Deadline is Critical: You have only one month from the date on your assessment notice to file a formal objection with the IRD. Form...

📋 Key Facts at a Glance Patent Box Rate: 5% concessionary tax on qualifying IP income, effective from April 1, 2023 R&D Super Deduction: 300% deduction on...

📋 Key Facts at a Glance Free Port Status: Hong Kong imposes no general customs duties on most imports and exports Four Dutiable Commodities: Excise duties...

📋 Key Facts at a Glance Capital Gains Tax: Hong Kong generally does not tax capital gains from genuine investment activities Territorial Principle: Only Ho...

📋 Key Facts at a Glance Annual Deduction Limit: HK$100,000 maximum per tax year for home loan interest Maximum Claim Period: 20 assessment years (not nece...

📋 Key Facts at a Glance Hong Kong's Treaty Network: Over 45 comprehensive Double Taxation Agreements (DTAs) with major trading partners worldwide Territori...

📋 Key Facts at a Glance No Capital Gains Tax: Hong Kong does not impose capital gains tax on property sales held as investments Property Tax Rate: 15% on n...

📋 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 Arm's Length Principle: Hong Kong follows OECD guidelines requiring transactions between related parties to mirror independent mark...

📋 Key Facts at a Glance Basic Personal Allowance: HK$132,000 for single taxpayers (2024/25 tax year) Married Person's Allowance: HK$264,000 for joint asses...

📋 Key Facts at a Glance Annual Deduction Limit: HK$60,000 maximum for qualifying annuity premiums and MPF voluntary contributions combined Eligible Plans:...