While you can find deductions in Hong Kong, not many are applicable In point of fact Considering that the tax premiums are now small as compared to other jurisdictions. The following record of items is included in the deduction classification:

I've read through Hong Kong Company Registration Coverage and agree to working with my information delivered to Get hold of me about related articles, and providers.

As previously stated, Hong Kong employs a progressive amount program for taxable money. Net revenue signifies the remaining total following deductions and allowances. For your 2023/24 period of time, the profits matter to taxation is topic to the next rate framework:

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By regulation, the many taxpayers in Hong Kong have an relevant essential allowance amount of 132,000 Hong Kong bucks in the calendar year of assessment, which happens to be deducted within the salary calculation.

Decide on a convenient time to speak with our incorporation specialists and obtain the answers you'll want to consider another phase.

These requirements detail the measurement, presentation, recognition, and disclosure specifications of every transaction and celebration because it should be stated in a standard-purpose economic assertion of the Hong Kong-incorporated company.

I have examine Hong Kong Company Registration Policy and conform to employing my information supplied to Call me about relevant material, and services.

Nevertheless, Should you have specific questions Get More Information about your very own personal condition, please talk to a certified tax Experienced.

Though it doesn't have being your principal put of business, It really is normally precisely the same location because the company secretary. Formation firms can offer a registered address if essential, but You can even make use of your residential address, holding in mind that it'll turn out to be publicly readily available as soon as registered.

** Buyers can get pleasure from cost-free accounting services session through the support period of time, but exclude the application for offshore money exemption and similar tax scheduling.

If you would like to post the identity document in particular person, you'll be able to existing the first documents to the businesses Registry. The verification counter is about the 13th flooring from the Queensway Government Workplaces.

If you might want to make an international get in touch with to some Hong Kong number, it's important to be aware of the proper format. Hong Kong phone numbers encompass 8 digits and are typically composed as +852 xxxx xxxx. For making the call, you'd probably 1st dial the region code +852, accompanied by the subscriber number.

That getting explained, while in the context of a tax treaty, a tax resident is defined as an individual who ordinarily resides in Hong Kong or stays in Hong Kong for more than 180 days during a calendar year of evaluation or for over 300 times in two consecutive yrs of assessment.