During consultation with members of the public in recent weeks, Hong Kong’s officials floated the idea of raising the 16% tax rate on the top income band of HK$5 million ($642,000) or more ...

Professor Terence Chong Tai-leung, executive director of the Chinese University of Hong Kong's Lau Chor Tak Institute of Global Economics and Finance, suggested capping the top earners' tax rate ...

Hong Kong has implemented a two-tier tax profits tax system, where the first HK$2 million (US$255,000) of assessable profits for qualified enterprises is taxed at a reduced rate of 8.25 percent rather ...

Property tax is levied on income arising from the letting of immovable property in Hong Kong, which is payable by the owner(s) at the standard rate of the year of assessment on “net assessable value.” ...

A bill to implement the one-off tax concessions proposed in the 2025-26 Budget will be gazetted on March 7 and introduced into the Legislative Council on March 19, the Government announces.

Chan announced that the air passenger departure tax rate would increase from HK$120 to HK$200 starting in the third quarter. “The government revenue is expected to increase by about HK$1.6 ...

In his 2025-26 Budget Speech, Financial Secretary Paul Chan this morning announced measures to provide rates concessions, reduce salaries and profits taxes, and pay an extra allowance to eligible ...

The Hong Kong government will lower the stamp duty for some cheap homes in its latest attempt to boost the lackluster property market. Residential units valued at HK$4 million ($515,000 ...

Hong Kong’s government has historically relied on land sales for revenue, imposing low rates on income and corporate profits — with a progressive salaries tax topping out at 17 per cent ...

Context: Hong Kong’s number of smokers falls to ... “I agree with a reasonable tax increase by following the inflation rate, or else [the frozen tax] will sound like encouraging smoking.