Hong Kong Tax Rates
1. Salaries Tax and Personal Assessment
The amount of tax charged, however, shall not exceed the amount charged by applying the standard rate (16%) to the net total income, i.e. assessable income after deductions but before allowances.
| Year of Assessment 2007/08 | |
| Net Chargeable Income | Rate |
| On the first $35,000 | 2% |
| On the next $35,000 | 7% |
| On the next $35,000 | 12% |
| Remainder | 17% |
2. Profit Tax
| Year of Assessment 2007/08 | |
| Corporation (Limited Company) | 17.50% |
| Unincorporated business | 16% |
3. Non-resident entertainers and sportsmen
| Year of Assessment 2007/08 | |
| If the performance is procured directly with the non-resident entertainer/sportsman | 10.67% of gross amount payable |
| If the performance is procured through a non-resident agent who is an individual person or a partnership | 10.67% of gross amount payable |
| If the performance is procured through a non-resident agent who is a corporate agent or a corporation | 11.67% of gross amount payable |
4. Profit Tax
| Year of Assessment 2007/08 | |
| Property Tax | 16% |
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