Room 602 & 604, 6/F., Taurus Building
21A/B Granville Road, Tsimshatsui, Hong Kong
Tel: (852)27399698  Fax: (852)27399313
Email: vc@vcpa.com.hk
  Certified  Public  Accountants (Practising)  
 

Tax Rates





Profits tax

  2016/2017 2017/2018
Corporation 16.5% 16.5%
Others 15% 15%



Salaries tax

  2016/2017 2017/2018
First HK$40,000 2% -
Next HK$40,000 7% -
Next HK$40,000 12% -
Remainder 17% -
First HK$45,000 - 2%
Next HK$45,000 - 7%
Next HK$45,000 - 12%
Remainder - 17%



Property tax

  2016/2017 2017/2018
  15% 15%



Personal allowances

  2016/2017 2017/2018
  HK$ HK$
Single 132,000 132,000
Married 264,000 264,000
Child    
  - 1st to 9th child (each) 100,000 100,000
- Additional allowance for each child born during the year 100,000 100,000
Dependent parent/grandparent (each)    
  - residing with taxpayer 92,000 92,000
  - not residing with taxpayer 46,000 46,000
Single parent 132,000 132,000
Dependent brother/sister (each) 33,000 37,500
Disable dependent (each) 66,000 75,000



Deductions

  2016/2017 2017/2018
  HK$ HK$
Self-education expenses
(maximum)
80,000 100,000
Home mortgage interest
(maximum)
100,000 100,000
Elderly residential care expenses
(maximum)
92,000 92,000
MPF Contribution
(maximum)
18,000 18,000


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K. Y. CHAN & CO.
Hong Kong CPA
Room 602 & 604, 6/F., Taurus Building
21A/B Granville Road
Tsimshatsui
Hong Kong

Tel: (852)27399698
Fax: (852)27399313
Email: vc@vcpa.com.hk