Government of Hong Kong

Summary

Government of Hong Kong Coming to Hong Kong (2015)

Under the territorial source concept of taxation, only income arising in or derived from Hong Kong is chargeable to tax. Profits from any trade, business or profession carried on in Hong Kong are chargeable to profits tax. For the year of assessment 2013/14, the profits tax rate for corporations is 16.5 per cent and that for other businesses is 15 per cent. Income from employment is charged with salaries tax which is calculated at progressive rates after deducting various deductions and allowances.
Source: Wikisource

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