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3. I made mandatory contributions of $18,000 in the year of assessment 2022/23 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 profits 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 $18,000 made by you as a self-employed person will be allowed as a deduction in calculating the assessable profits of your business.

 

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