Skip to main content

1. What are the current rates for Profits Tax?

Profits Tax rates as from 2008/09 onwards:

 

(1) Normal rate

 

Corporations (businesses/companies incorporated according to the Companies Ordinance e.g. limited company):

16.5%

Unincorporated Businesses (businesses/companies NOT incorporated according to the Companies Ordinance e.g. sole-proprietorship or *partnership):

15%

(*If one of the partners in a partnership is a corporation, the profit tax rate on that partner is 16.5%)

 

(2) Concessionary rate

 

A tax rate at 50% of the normal profits tax rate will be applied to trading profits and interest income received or derived from qualifying debt instruments issued in Hong Kong, and to the offshore business of professional reinsurance companies.