Although GM Expat Tax does not provide tax return services in Hong Kong we are pleased to advise the following rates of income tax apply to individuals in Hong Kong (amounts are in HK$’s):

Income (in HK$’s) Tax rate
First $40,000 2%
$40,001 to $80,000 7%
$80,001 to $120,000 12%
Above $120,000 17%

Individuals are taxed only on income that has been “earned” in Hong Kong.

There is no personal tax in Hong Kong on dividends or capital gains.

In Hong Kong the tax year of assessment runs from the 1st of April to the 31st of March, and every taxpayer has to file annual tax returns with the Inland Revenue Department (IRD).

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