Tax Rates of Profits Tax

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%

Note

(1) 75% of the 2015/16 profits tax is waived subject to a ceiling of $20,000 per case.

(2) 75% of the 2014/15 profits tax is waived subject to a ceiling of $20,000 per case.

(3) 75% of the 2013/14 profits tax is waived subject to a ceiling of $10,000 per case.

(4) 75% of the 2012/13 profits tax is waived subject to a ceiling of $10,000 per case.

(5) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.

Tax Rates Applicable to Unincorporated Businesses

Year of Assessment Tax Rate
2008/09 onwards (Note) 15%

Note

(1) 75% of the 2015/16 profits tax is waived subject to a ceiling of $20,000 per case.

(2) 75% of the 2014/15 profits tax is waived subject to a ceiling of $20,000 per case.

(3) 75% of the 2013/14 profits tax is waived subject to a ceiling of $10,000 per case.

(4) 75% of the 2012/13 profits tax is waived subject to a ceiling of $10,000 per case.

(5) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 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

 

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

 

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

Note

(1) 75% of the 2015/16 profits tax is waived subject to a ceiling of $20,000 per case.

(2) 75% of the 2014/15 profits tax is waived subject to a ceiling of $20,000 per case.

(3) 75% of the 2013/14 profits tax is waived subject to a ceiling of $10,000 per case.

(4) 75% of the 2012/13 profits tax is waived subject to a ceiling of $10,000 per case.

(5) 75% of the 2011/12 profits tax is waived subject to a ceiling of $12,000 per case.

Last revision date: August 2016