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Here you can know more about the tax rates of profits tax for different years of assessment, including profits tax related to corporations, unincorporated businesses and non-resident entertainers and sportsmen.

Tax Rates Applicable to Corporations

Year of AssessmentTax Rate
2008/09 onwards (Note)16.5%
2003/04 to 2007/08 (Note)17.5%
2002/0316%

Note

(1) 75% of the 2013/14 profits tax is waived subject to a ceiling of $10,000 per case.

(2) 75% of the 2012/13 profits tax is waived subject to a ceiling of $10,000 per case.

(3) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.

(4) 75% of the 2007/08 profits tax is waived subject to a ceiling of $25,000 per case.

Tax Rates Applicable to Unincorporated Businesses

Year of AssessmentTax Rate
2008/09 onwards (Note)15%
2004/05 to 2007/08 (Note)16%
2003/0415.5%
2002/0315%

Note

(1) 75% of the 2013/14 profits tax is waived subject to a ceiling of $10,000 per case.

(2) 75% of the 2012/13 profits tax is waived subject to a ceiling of $10,000 per case.

(3) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.

(4) 75% of the 2007/08 profits tax is waived subject to a ceiling of $25,000 per case.

Retained Amount Applicable to Non-Resident Entertainers and Sportsmen

Below is the amount to be withheld by the Hong Kong payer for tax payment for performances.

Performance procured directly with the non-resident entertainers or sportsmen

Year of AssessmentTax RateAmount to be Retained
2008/09 onwards (Note)15%10% of gross amount payable
2004/05 to 2007/08 (Note)16%10.67% of gross amount payable
2003/0415.5%10.33% of gross amount payable
2002/0315%10% of gross amount payable

 

Performance procured through a non-resident agent who is an individual person or a partnership

Year of AssessmentTax RateAmount to be Retained
2008/09 onwards (Note)15%10% of gross amount payable
2004/05 to 2007/08 (Note)16%10.67% of gross amount payable
2003/0415.5%10.33% of gross amount payable
2002/0315%10% of gross amount payable

 

Performance procured through a non-resident agent who is a corporate agent or a corporation

Year of AssessmentTax RateAmount to be Retained
2008/09 onwards (Note)16.5%11% of gross amount payable
2003/04 to 2007/08 (Note)17.5%11.67% of gross amount payable
2002/0316%10.67% of gross amount payable

Note

(1) 75% of the 2013/14 profits tax is waived subject to a ceiling of $10,000 per case.

(2) 75% of the 2012/13 profits tax is waived subject to a ceiling of $10,000 per case.

(3) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.

(4) 75% of the 2007/08 profits tax is waived subject to a ceiling of $25,000 per case.

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