3. I made mandatory contributions of $17,500 in a year of assessment as a self-employed person. I also employed my wife in running the business and she joined the MPFS. My MPF contribution for her during the same year was $10,000. Can I claim a further deduction for profit tax purposes from her part of contributions?
As the Inland Revenue Ordinance does not permit deduction for MPF contributions in respect of the spouse of a proprietor (or partner), only the mandatory contribution of $17,500 made by you as a self-employed person will be allowed as a deduction in calculating the assessable profits of your business.
Last revision date: