This article is going to show you the basic tax system of Hongkong.
Income Tax (Salaries Tax)
Generally speaking, in Hong Kong Special Administrative Region , taxpayer means:
• The individual who is ordinarily living in Hong Kong
• The individual who stays in Hong Kong over 180 days in a certain taxation year, or stays over 300 days in two consecutive taxation years .
Profit Tax
An individual or enterprise who carries on a trade, profession or business in Hong Kong is chargeable to profits tax to the profits from that trade, profession or business which arise in or derive from Hong Kong.
Property Tax
Property tax is charged on the owners of land/buildings in Hong Kong and is computed at the standard rate on the net assessable value of the property.
The standard rate is 15%
Stamp Duty
1.Ad Valorem stamp duty of Immovable propery 
2.Special Stamp Duty 
3.Buyer Stamp Duty
Any person(including Hong Kong&Aboard Company) should pay extra Buyer Stamp Duty for the acquisition of any residential property since October 27th,2012. BSD is charged at 15%
Mandatory Provident Fund (MPF) System
Hong Kong has no society insurance system but MPF System. MPF is an employment-based retirement protection system. Both employers and employees are required to contribute 5% of the employees`relevant income, totalling 10%. The employee`s relevant income based on which contributions are ascertained is subject to the minimum and maximum levels of relevant income ($7,100 and $30,000 per month respectively).
pics by HACOS
Edited by HACOS,please indicate the resource before repost.
HACOS,Business Services Solution Master
