Global Corporate Income Tax Guide
Hong Kong SAR Corporate Income Tax
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Learn MoreHong Kong SAR Tax BriefHKHong Kong SARCorporate Income TaxHong Kong SAR Tax Brief
Hong Kong SAR applies a territorial tax system. There is no VAT, GST, or sales tax, and capital gains are generally not taxed. Profits tax follows a two-tier regime: corporations are taxed at 8.25% on…- General CIT Rate
- Corporations: 8.25% on the first HKD 2 million of assessable profits and 16.5% on the remainder; unincorporated businesses: 7.5% on the first HKD 2 million and 15% on the remainder.
- CIT Return Due Date
- The tax return forms are typically released on the first working day of April each year. The filing deadline is usually within one month from the day the forms are released. Certain companies (e.g., those with a fiscal year ending on December 31) may have an extended filing deadline, typically until August 15 of the year the forms are released, and in certain circumstances (e.g., electronic filing), extensions may be granted.
- CIT Payment Due Date
- For companies with a fiscal year ending on December 31st, the final tax payment for a specific tax year is typically due in November of the year when the tax return is filed.
- Estimated Payment Due Date
- For companies with a fiscal year ending on December 31st, interim taxes for a specific tax year will be paid in two installments, typically due in November of the current year and January of the following year.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/0/2.475-4.95
- General Capital Gain Tax Rate
- N/A
- Composite Effective Average Tax Rate
- 14.28
- Composite Effective Marginal Tax Rate
- 2.01
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