Taxes in Hong Kong

The Hong Kong government does not require advance withholding tax payments on income earned from salaries, property or business profits.

Tax returns are usually filed annually in May for the preceding year ending March 31. An assessment notice is dispatched by the Inland Revenue Department (IRD) in autumn for payment the following January.

Property and Investment Tax 

Property tax is levied on rental income derived from the leasing of properties in Hong Kong. If you are a property owner, keep sufficient records of rental income received and other relevant documents such as tenancy agreements and rental receipts. You are required to complete and submit a tax return to the Inland Revenue Department. Property tax is payable at 16% after a 20% deduction of statuary allowance for repairs and outgoings.

Important contact for arriving expatriates

Inland Revenue Department

Revenue Tower, 5 Gloucester Road, Wanchai

For more information on tax registration and filing, visit the IRD website.