Q: What are the taxes of Hong Kong taxation?
A:There are three kinds of taxes in Hong Kong taxation: Profits Tax, Salaries Tax and Property Tax.
Profits Tax shall be 16.5%of the taxable profits of the
company; Salaries Tax shall be calculated by salary income at
progressive tax rate, and paid up to 15% of total salary
income; Property Tax 15% of the net rent income earned
from owning properties after deduction of 20% standard tax relief for
renovation and expenditure.