Tax Articles

📋 Key Facts at a Glance Complete Abolition: Special Stamp Duty (SSD), Buyer's Stamp Duty (BSD), and New Residential Stamp Duty (NRSD) were all abolished ef...

📋 Key Facts at a Glance Current Stamp Duty Rate: 0.1% per party (0.2% total) effective November 17, 2023, reduced from 0.13% per party Recent Exemptions: R...

📋 Key Facts at a Glance Tax Savings Potential: Depreciation allowances can reduce taxable profits by 20-30% annually for plant and machinery SME Tax Rates:...

📋 Key Facts at a Glance Tax Classification: Self-employed freelancers pay Profits Tax (not Salaries Tax) on Hong Kong-sourced income Tax Rates: 7.5% on fir...

📋 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...

📋 Key Facts at a Glance Property Tax Rate: 15% on net assessable value (rental income minus rates and 20% statutory allowance) Stamp Duty Required: 0.25%...

📋 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 Property Tax Rate: 15% on net assessable value (rental income minus rates, then 20% statutory allowance) Mortgage Interest Deductio...

📋 Key Facts at a Glance Standard Rate: Property tax is charged at 15% on net assessable value Owner-Occupied Exemption: Properties occupied by owners for...

📋 Key Facts at a Glance Objection Deadline: One month from the date of issue of the notice of assessment Property Tax Rate: 15% flat rate on net assessable...

📋 Key Facts at a Glance Individual Unit Assessment: Each unit in a mixed-use building is assessed separately by the Rating and Valuation Department (RVD),...

📋 Key Facts at a Glance Land Ownership: The Hong Kong SAR Government owns virtually all land - only St. John's Cathedral (1847) has freehold status Proper...