Salaries Tax/Personal Assessment
Scope of Charge
Hong Kong salaries tax is charged on income arising in or derived from Hong Kong as per regional source.Assessment Period
From 1 April of one year to 31 March of the next yearRate of Taxation
Rate of Taxation Salaries tax is chargeable at progressive rates or standard rate, which will be the smaller of the following:1. At standard tax rate*2017/18-2023/24: based on 15% of the Net Income2024/25 - 2025/26: two-tier standard tax rate, based on 15% of the first HK$5,000,000 Net Income and 16% of the remaining Net Income2. Net chargeable income at salaries tax progressive ratesWiden the marginal tax bands for tax on salaries from the current HK$45,000 to HK$50,000, increase the number of tax bands from four to five, and adjust the marginal tax rates to 2%, 6%, 10%, 14% and 17% respectively commencing from 2018/19.2018/19 - 2025/26*
| Tax Band(HK$) | Tax Rate |
| First 50,000 | 2% |
| Next 50,000 | 6% |
| Next 50,000 | 10% |
| Next 50,000 | 14% |
| On the remainder | 17% |
Reduction
Reduce the tax on salaries and tax under personal assessment for 2024/25 by 100% subject to a ceiling of HK$1,500*.Note: * The tax measures proposed in the 2025-26 Budget are subject to the enactment of relevant legislation.Why Choose First Group?
- Professional and Efficient：With years of experience and familiarity with regulations in various regions, we ensure smooth business processes.
- One-Stop Service：Whether it's company formation, tax consulting, accounting services, or auditing, we handle everything for you, saving you time and effort.
- Customized Solutions：Whether you are a startup or expanding your business, we can tailor solutions to meet your needs.
Contact us now for a free consultation and the latest pricing information! Just prepare the basic information, and First Group will simplify the cumbersome procedures, allowing you to focus on realizing your business blueprint. Start today, succeed tomorrow!
