S. C. TO & CO.
CERTIFIED PUBLIC ACCOUNTANTS (Practising)
杜 紹 昭 會 計 師 事 務 所 English 繁體中文 简体中文 34th Anniversary
|
Contacts
Chasetop Limited
Tel: +(852) 2759-3313
Fax: +(852) 2759-7261
Tel: +(852) 2475-9131
Fax: +(852) 2479-4172
Email to us
The characteristics of Hong Kong Profits Tax
- Territorial Source Concept, only profits sourced from Hong Kong are taxable in Hong Kong
- Simple tax system
- Low tax rates
- No capital gains tax
- No tax on dividend income
- Tax deduction allowed for all business expenses
- Depreciation allowance for capital assets - 60% initial with 10% to 30% annual allowance
- Capital expenditure on computers are 100% deducted
- Allowance for Industrial building - 20% initial with 4% annual allowance
- Allowance for Commercial building - 4% annual allowance
- Building refurbishment to be allowed against tax over 5 years
- Tax losses allowed to be carried forward for set-off against future profits without time restriction