Tax Rates

• Profits tax
• Salaries tax
• Property tax
• Personal allowances
• Deductions

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	2017/2018	2018/2019
Corporation	16.5%	16.5%
Others	15%	15%

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	2017/2018	2018/2019
First HK$45,000	2%	-
Next HK$45,000	7%	-
Next HK$45,000	12%	-
Remainder	17%	-
First HK$50,000	-	2%
Next HK$50,000	-	6%
Next HK$50,000	-	10%
Next HK$50,000	-	14%
Remainder	-	17%

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	2017/2018	2018/2019
	15%	15%

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	2017/2018	2018/2019
	HK$	HK$
Single	132,000	132,000
Married	264,000	264,000
Child
- 1st to 9th child (each)	100,000	120,000
- Additional allowance for each child born during the year	100,000	120,000
Dependent parent/grandparent (each)
- residing with taxpayer	92,000	100,000
- not residing with taxpayer	46,000	50,000
Single parent	132,000	132,000
Dependent brother/sister (each)	37,500	37,500
Disable dependent (each)	75,000	75,000
Personal disability allowance	-	75,000

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	2017/2018	2018/2019
	HK$	HK$
Self-education expenses (maximum)	100,000	100,000
Home mortgage interest (maximum)	100,000	100,000
Elderly residential care expenses (maximum)	92,000	100,000
MPF Contribution (maximum)	18,000	18,000