Hong Kong Taxation
Salaries Tax
Salaries tax is imposed on all income arising in or derived from Hong Kong through office, employment, or any pension. "Income arising in or derived from Hong Kong", without in any way limiting the meaning of the expression, includes all income derived from services rendered in Hong Kong. Special provisions apply to seamen, airmen, other persons who visit Hong Kong for short periods, and also to those who have paid tax of substantially the same nature as Hong Kong Salaries Tax in any territory outside Hong Kong.
| Details | 2024/2025 | 2023/2024 | |
| Progressive rate | |||
| Income after allowance | |||
| - $0 to $50,000 | 2% | - $0 to $50,000 | 2% |
| - $50,001 to $100,000 | 6% | - $50,001 to $100,000 | 6% |
| - $100,001 to $150,000 | 10% | - $100,001 to $150,000 | 10% |
| - $150,001 to $200,000 | 14% | - $150,001 to $200,000 | 14% |
| - Remainder | 17% | - Remainder | 17% |
| Two-tired standard rates | - $0 to $5,000,000 | 15% | 15% | - Remainder | 16% | 15% |
| Allowance | |||
| - Personal allowance: single | $132,000 | $132,000 | |
| - Personal allowance: married | $264,000 | $264,000 | |
| - Personal allowance: disability | $75,000 | $75,000 | |
| - Single parent | $132,000 | $132,000 | |
| - Child: 1st to 9th (each) | |||
| - Year of birth | $260,000 | $260,000 | |
| - Other years | $130,000 | $130,000 | |
| - Dependent parent/ grandparent (Age 60 or over) | |||
| - Residing with taxpayer | $100,000 | $100,000 | |
| - Non-residing with taxpayer | $50,000 | $50,000 | |
| - Dependent parent/ grandparent (Age 55-59) | |||
| - Residing with taxpayer | $50,000 | $50,000 | |
| - Non-residing with taxpayer | $25,000 | $25,000 | |
| - Dependent brother/ sister | $37,500 | $37,500 | |
| - Disabled | $75,000 | $75,000 | |
| Upper Limit of Deductible Expenses for Salaries Tax Assessment | |||
| - Expenses of self-education | $100,000 | $100,000 | |
| - Home loan interest * | $120,000 | $100,000 | |
| - Elderly residential care expenses | $100,000 | $100,000 | |
| - Mandatory provident fund (MPF) contributions | $18,000 | $18,000 | |
| - Eligible health insurance premium | $8,000 | $8,000 | |
| - Annuity premiums and MPF voluntary contributions | $60,000 | $60,000 | |
| - Approved charitable donations (ceiling in % of assessable income) | 35% | 35% | |
| - Private domestic rental expenses | $100,000 | $100,000 | |
| - Assisted reproductive service expenses | $100,000 | - | |
*With effect from the year of assessment 2017/18, the number of years of deduction for home loan interest is further extended from 15 to 20 (not necessarily consecutive) years of assessment.
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