Hong Kong tax threshold and tax rate

In Hong Kong, based on taxable income, salaries are taxed at the standard rate of 15% or 2%- 17%, while profits tax and property tax are taxed at the standard rate of 15%. Taxpayers can use the excessive progressive tax rate to calculate the payroll tax, but the payroll tax levied according to the excessive progressive tax rate shall not exceed the tax calculated by multiplying the total income before deducting expenses by the standard tax rate.

Income from wages and salaries: only the deduction standard is different. The deduction standard for Hong Kong people is 4800 yuan, and the tax rate is the same, that is, the tax rate of taxable income for the whole month (%).

1, not exceeding 5% of 500 yuan.

2, more than 500 yuan to 2000 yuan 10%.

3, more than 2000 yuan to 5000 yuan 15%.

4, more than 5000 yuan to 20000 yuan part of 20%

5, more than 20000 yuan to 40000 yuan part of 25%

6, more than 40000 yuan to 60000 yuan 30%

7, more than 60000 yuan to 80000 yuan 35%

8, more than 80000 yuan to 100000 yuan 40%

9, 100000 yuan more than 45%

Hong Kong has not set a personal income tax threshold, but has set tax exemption conditions and allowances.

legal ground

Individual Income Tax Law of the People's Republic of China

Article 2 Individual income tax shall be paid on the income of the following individuals:

(1) Income from wages and salaries;

(2) Income from remuneration for labor services;

(3) Income from remuneration;

(4) Income from royalties;

(5) Operating income;

(6) Income from interest, dividends and bonuses;

(7) Income from property lease;

(8) Income from property transfer;

(9) Accidental income.

Individual residents who obtain income from items 1 to 4 of the preceding paragraph (hereinafter referred to as comprehensive income) shall calculate individual income tax according to the tax year; Non-resident individuals who obtain income from items 1 to 4 of the preceding paragraph shall calculate individual income tax on a monthly or itemized basis. Taxpayers who obtain income from items 5 to 9 of the preceding paragraph shall calculate individual income tax separately in accordance with the provisions of this law.