Individuals & Hong Kong Salary Tax
ersonal tax in Hong Kong is often referred to salary tax and salary tax rates are considered as one of the lowest in the world. Unlike flat corporate tax rate, Hong Kong’s salary tax rates follow a progressive tax rate system. There are five marginal tax brackets of 2%, 6%, 10% and 14% and 17%. However, looking at the Hong Kong IRD site for clues on how to fill out the form properly can be daunting.
We can assist with providing tax advisory services to both employer and individuals regarding their personal tax obligations. In addition, we can review and explore for clients opportunities for reducing the tax liability in a legal and acceptable way. If necessary, we can assist our clients to prepare tax projections where their can well manage the cash flow for tax payment in advance. In summary, we can assist with:
- individual tax returns
- employer’s tax filings
- lodging objection against tax assessments
- handling tax enqueries from the tax authorities
- housing allowance / rental reimbursement programmes
Start With A Free Consultation
We offer a free initial consultation to individuals and businesses.