Hong Kong Personal Tax

APAC Taxation provide personal tax services in Hong Kong for both residents and expats. Personal tax in Hong Kong is also known as salaries tax. It is managed and officiated by the Inland Revenue Department (IRD). To attract international talent, Hong Kong have some of the lowest tax rates in the world. APAC Taxation are Certified Public Accountants (CPA’s) based in Hong Kong. We specialise in salaries tax for foreigners living in Hong Kong.

Some of the benefits of Hong Kong Personal Tax are:

  • Low tax rates – the most amount you will pay in tax is 15% of your total chargeable income (also known as assessable income)
  • Hong Kong have no sales tax (i.e. VAT or GST).
  • Hong Kong have no capital gains tax.
  • Hong Kong have no dividend tax
  • Hong Kong have no inheritance tax.
  • Individuals are only taxed on income earned inside Hong Kong.

How does Hong Kong’s Tax system work?

Hong Kong use a progressive income tax system with the top bracket only being 17%. The tax rate starts at 2%. The tax amount is calculated on your net chargeable income (also known as assessable income), less deductions and allowances.

If you’re confused about the discrepancy between the 17% and the 15%, we will clarify that for you.

You have the choice out of paying the progressive rate, or a flat 15% of your entire assessable income (but no deduction for personal allowances). You can use whatever works out to be less.

When is the end of financial year in Hong Kong?

The financial year in Hong Kong runs from April 1 to March 31.

Our top services for Hong Kong Tax

  • Completion and filing of Individuals Tax Return (also commonly known as salaries tax)
  • Time proportionment
  • Tax equalization – to minimize salaries tax legally
  • Objections and appeals – to lodge objections or appeals against your assessment.
  • Hold-over of provisional tax
  • Tax recovery / tax credit

Why use us?

We will minimise your tax. Don’t miss deductions and credits that you are entitled to. We know the regulations and legal ways to reduce your tax. One strategy we use is to show you how to adjust your payroll holding to get your money now rather than in your tax return.

Stay compliant

Gaining the attention of the Inland Revenue Department (IRD) is not only stressful but can be costly. We’ll make sure you stay compliant.

Quick Refund

We file all our clients’ tax returns electronically ensuring there will be no delay in receiving your refund.

Expat Specialist

We’re experts in salaries tax for foreign individuals. We also prepare and lodge US individual tax returns for US expats.

Affordable Pricing

We don’t just have expert tax accountants – we do it for an affordable price too.

Get in touch

Are you a resident or foreigner in Hong Kong and in need of tax accountant? We provide expert tax advice, and prepare and file Hong Kong tax returns. Whatever your situation, we make sure you pay the minimal amount of taxing while remaining compliant and off the IRD radar.

To talk to one of our tax accountants, fill out our quote request form or give us a call today.