HKEAA Licence Number: C-015801  
Tel: (852) 2869 5128
 
Contact Us         
 
Home  |   HK Real Estate Services   |   Hong Kong Info  |   HK Services  |   Residential Areas  |   Serviced Apartment  |   About Compass
Hong Kong Information > Money
Taxes
   Also see in Services: Tax Consultants

Hong Kong Tax Information
KPMG  Hong Kong

Government fiscal year starts 1 April.  Tax returns are normally filed in May. An assessment notice is sent out by the IRD in the Autumn indicating the sum due. The first payment is usually due in January or February and the second payement due three months later.

Effective 1 April 2000, corporate tax rate is 16% for all Hong Kong sourced profits.
Outgoings incurred in the process of generating assessable profits can be deducted in computing assessable profits. No tax on capital gains tax and no tax on dividends.

A company can adopt any year end date within a calendar year. However, accounts should be made up for a period of 12 months. The first set of audited accounts can be made up to a maximum period of 18 months. There is no requirement for the accounts to be prepared in Hong Kong Dollars.
The reporting currency for the tax return is Hong Kong Dollars. The Inland Revenue Department of Hong Kong publish a monthly exchange rate for all major currencies.

All profits tax return for corporations must be submitted with audited accounts. Otherwise, the tax return will be considered as incomplete.

Individual tax rate is 15% maximum. Tax is levied on Hong Kong sourced employments.

There is no tax on dividends or capital gains; nor is there gift tax. 
   

Inland Revenue Department
Revenue Tower 
5 Gloucester Road 

Wanchai
Hong Kong 
Tel: 187 8088
Fax: (852) 2519 9316
Website
Email


Links to Other Tax Websites

UK Inland Revenue
US Inland Revenue
Japan Inland Revenue

 

 

Last Updated: 17 November, 2004

 

Topics:                      
Orientation  
Expectations  
Relocations  
Housing  
Entertainment  
Essential Information  
  Money & Business   
         Banking   
         Business Environment   
         Currency & Exchange Rate   
         Insurance   
         Setting Up an Office   
      > Taxes   
Travel   
Social and Family Life  
Editor's Notes  
Expat Community  

HOME     INFO     SERVICES     RESIDENTIAL AREAS     CONTACT