Hong Kong Tax System - Simple and Low tax rate
Unlike most countries which apply both residential jurisdiction and territorial jurisdiction in determining the tax liability of a person, Hong Kong uses only the territorial source jurisdiction and disregards the concept of residence. Thus, only profits sourced in Hong Kong would be taxable whereas a person's overseas income will not be taxable.
Salaries tax - 15%
Profit tax - 2 Million HKD or above: 16.50%; Below 2 Million HKD: 8.25%
Property Tax - 15%
