Hong Kong's tax system is characterized by a narrow tax base and low tax rate. Basically, Hong Kong companies are involved in three kinds of taxes: first, profits tax, second, property tax and third, payroll tax. For a Hong Kong limited company that has not purchased any property in Hong Kong, there is only one tax involved in the Hong Kong company, namely profits tax. 

Profits tax:Is the assessable profit of any person, including a corporation, partnership, trustee or body, carrying on a trade, profession or business in Hong Kong in connection with that trade, or carrying on business in or derived from Hong Kong. Profits tax is calculated at the rate of profits tax on your annual turnover minus all costs and expenses16.5%Let's figure it out. Profits generated outside Hong Kong are not subject to profits tax in Hong Kong. However, according to the Hong Kong Tax law, any Hong Kong limited company must file an annual report to the Hong Kong government, regardless of whether it has no business or whether it has no profit for one yearAUDIT REPORTAuditor's report (i.e. domestic audit report) The fee for the auditor's report is based on the turnover of your Hong Kong company. 

Property tax:Is a tax levied on owners of land or buildings in Hong Kong. That is, the income derived from the rental property minus the basic charge multiplied by the taxable rate15%. The basic charge is usually rent20%. 

Salary and tax:Is taxable on income derived from or obtained from office, employment and pension in Hong Kong. There are two methods of calculating salary tax. The first method is calculated by multiplying the income by the tax rate payable after deducting the allowance for low income persons15%Is calculated on a progressive basis. One is for high income earners, the lower of the two is multiplied by the standard tax rate.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.