Tax Articles

📋 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 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 No Capital Gains Tax: Hong Kong has no general capital gains tax on investment assets, unlike most countries. Territorial System: O...

📋 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 Hong Kong Stamp Duty Rate: 0.2% total (0.1% buyer + 0.1% seller) on share transfers, reduced from 0.26% effective November 17, 2023...

📋 Key Facts at a Glance Hong Kong's Territorial Tax System: Only profits sourced in Hong Kong are taxable at 8.25% (first HK$2M) and 16.5% (remainder) for...

📋 Key Facts at a Glance Fact 1: MPF is a defined contribution scheme where both employer and employee contribute 5% of relevant income, with maximum monthl...

📋 Key Facts at a Glance Core Principle: Deductions are allowed for expenses incurred "wholly and exclusively" in producing assessable profits under Section...

📋 Key Facts at a Glance Core Principle: Professional fees must be incurred "wholly, exclusively, and necessarily" for producing assessable income Key Disti...

📋 Key Facts at a Glance MPF Tax Deduction Limit: HK$18,000 per year for employee contributions and eligible voluntary contributions Tax Year: April 1 to Ma...

📋 Key Facts at a Glance Territorial Tax Principle: Hong Kong only taxes profits sourced in Hong Kong. Foreign-sourced income is generally not taxed, but th...

📋 Key Facts at a Glance Taxable Benefit: Housing benefits are generally taxable as part of your assessable income in Hong Kong Deduction Option: You can cl...