Room 602, 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
| |
2008/2009 |
2009/2010 |
| Corporation |
16.5% |
16.5% |
| Others |
15% |
15% |
Salaries tax
| |
2008/2009 |
2009/2010 |
| First HK$40,000 |
2% |
|
| Next HK$40,000 |
7% |
|
| Next HK$40,000 |
12% |
|
| Remainder |
17% |
|
| First HK$40,000 |
|
2% |
| Next HK$40,000 |
|
7% |
| Next HK$40,000 |
|
12% |
| Remainder |
|
17% |
Property tax
| |
2008/2009 |
2008/2010 |
| |
15% |
15% |
Personal allowances
| |
2008/2009 |
2009/2010 |
| |
HK$ |
HK$ |
| Single |
108,000 |
108,000 |
| Married |
216,000 |
216,000 |
| Child |
|
|
| - 1st to 9th child (each) |
50,000 |
50,000 |
| - Additional allowance for each child born during the year |
50,000 |
50,000 |
| Dependent parent/grandparent (each) |
|
|
| - residing with taxpayer |
60,000 |
60,000 |
| - not residing with taxpayer |
30,000 |
30,000 |
| Single parent |
108,000 |
108,000 |
| Dependent brother/sister (each) |
30,000 |
30,000 |
| Disable dependent (each) |
60,000 |
60,000 |
Deductions
| |
2008/2009 |
2009/2010 |
| |
HK$ |
HK$ |
Self-education expenses
(maximum) |
60,000 |
60,000 |
Home mortgage interest
(maximum) |
100,000 |
100,000 |
Elderly residential care expenses
(maximum) |
60,000 |
60,000 |
|
