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 Assessment | Tax Rate |
|---|---|
| 2008/09 onwards (Note) | 16.5% |
| 2003/04 to 2007/08 (Note) | 17.5% |
| 2002/03 | 16% |
Note
(1) Per 2013-14 Budget, 75% of the 2012/13 profits tax will be waived subject to a ceiling of $10,000 per case. (Legislative amendments are required for implementing the proposed measures)
(2) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.
(3) 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 Assessment | Tax Rate |
|---|---|
| 2008/09 onwards (Note) | 15% |
| 2004/05 to 2007/08 (Note) | 16% |
| 2003/04 | 15.5% |
| 2002/03 | 15% |
Note
(1) Per 2013-14 Budget, 75% of the 2012/13 profits tax will be waived subject to a ceiling of $10,000 per case. (Legislative amendments are required for implementing the proposed measures)
(2) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.
(3) 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 Assessment | Tax Rate | Amount 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 |
| 2003/04 | 15.5% | 10.33% of gross amount payable |
| 2002/03 | 15% | 10% of gross amount payable |
Performance procured through a non-resident agent who is an individual person or a partnership
| Year of Assessment | Tax Rate | Amount 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 |
| 2003/04 | 15.5% | 10.33% of gross amount payable |
| 2002/03 | 15% | 10% of gross amount payable |
Performance procured through a non-resident agent who is a corporate agent or a corporation
| Year of Assessment | Tax Rate | Amount 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 |
| 2002/03 | 16% | 10.67% of gross amount payable |
Note
(1) Per 2013-14 Budget, 75% of the 2012/13 profits tax will be waived subject to a ceiling of $10,000 per case. (Legislative amendments are required for implementing the proposed measures)
(2) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.
(3) 75% of the 2007/08 profits tax is waived subject to a ceiling of $25,000 per case.
Last review date: February 2013
