How high are the corporate income tax in Hong Kong?
If the two-tiered rates apply 8.25% for the first HKD 2 million and 16.5% on the remainder.
- If two-tiered rates do not apply, profits tax is capped at 16.5%
- Hong Kong only tax those profits that are sourced within Hong Kong
- No tax is also levied on sales tax, on goods and services and even on capital gains
What Double-tax treaties has Hong Kong?
Primarily to avoid double taxation and fiscal evasion, Hong Kong has concluded Double Taxation Agreements or tax treaties with over 40 jurisdictions so far, namely:
Austria, Belarus, Belgium, Brunei, Cambodia, Canada, Czech, Estonia, Finland, France, Georgia, Guernsey, Hungary, India, Indonesia, Ireland, Italy, Japan, Jersey, korea, Kuwait, Latvia, Liechtenstein, Luxembourg, Macao SAR, Mainland China, Malaysia, Malta, Mexico, Netherlands, New Zealand, Pakistan, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, South Africa, Spain, Switzerland, Thailand, United Arab Emirates, United Kingdon, and Vietnam.