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Hong Kong Withholding Tax

Street Lights in Hong Kong

There are no withholding taxes in Hong Kong as such, but if a company is making a payment to his foreign subsidiary or holding company which is considered to be income sourced in Hong Kong, the company needs to withhold tax. When a Hong Kong company pays royalties for the use of intellectual property (IP) […]

Hong Kong Property Tax

Hong Kong Real Estate

Property tax is levied on an annual basis and paid by the owner or occupier of real estate located in Hong Kong. Since ownership can be split separate assessments can be made on the same plot of land. Property tax is governed by the provisions of the Inland Revenue Ordinance. The assessment is based on […]

Hong Kong Profits Tax Rates

Hong Kong by Night

Companies pay a standard rate of 16.5% on assessable profits. Unincorporated Businesses (Businesses other than corporate entities) pay a rate of 15% on assessable profits. All taxpayers are subject to the same corporation or unincorporated business tax rate irrespective of their residential status. Concessionary rates Special concessionary rates apply to the following businesses or sources […]

Hong Kong Profits Tax Overview

Hong Kong Corporate Taxation

Profits tax is raised according to the Inland Revenue Ordinance on the “assessable profits” of corporate entities, partnerships, trusts and sole proprietorships. It is levied according to the “territorial principle”, it is the income┬ásource ┬árather than the residential or non-residential status of the entity that determines whether or not income is or is not subject […]

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