T K Lo & Co

Hong Kong CPA Firm

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Tax - Practice

Snapshot of Hong Kong Taxation

Hong Kong Inland Revenue Department is responsible for the administration of the following Ordinances

  • Betting Duty Ordinance
  • Business Registration Ordinance
  • Estate Duty Ordinance
  • Hotel Accommodation Tax Ordinance
  • Inland Revenue Ordinance
  • Stamp Duty Ordinance
  • Tax Reserve Certificates Ordinance

 The main kinds of income tax in Hong Kong under Inland Revenue Ordinance are:

  • Profits Tax
  • Salaries Tax
  • Property Tax

 The characteristics of income tax in Hong Kong are:

  • Source concept: only income arising from activities in Hong Kong subject to tax
  • Non-resident person, including foreign individual and overseas corporate body, also be liable for income tax in Hong Kong
  • No tax on dividend income

 Hong Kong does not have:

  • Capital Gain Tax
  • Estate Duty 
  • Goods and Services Tax (GST)
  • Value-Added Tax (VAT)