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Quotation
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Hong Kong Salaries Tax allowances, deductions and the rates
* Allowances
Year of Assessment
2005/06 to 2006/07
2007/08
2008/09
2009/10
Basic Allowance
100,000.-
100,000.-
108,000.-
108,000.-
Married Person's Allowance
200,000.-
200,000.-
216,000.-
216,000.-
Child Allowance
First and second child (For each dependant)
40,000.-
50,000.-
50,000.-
50,000.-
Third to the ninth child (For each dependant)
40,000.-
50,000.-
50,000.-
50,000.-
(For each child born during the year, the Child Allowance will be increased by)
0
50,000.-
50,000.-
50,000.-
Dependent Brother / Sister
(For each qualified brother/sister)
30,000.-
30,000.-
30,000.-
30,000.-
Dependent Parent / Grandparent Allowance (For each dependant)
Parent / grandparent aged 60 or above or is eligible to claim an allowance under the Government's Disability Allowance Scheme
30,000.-
30,000.-
30,000.-
30,000.-
Parent / grandparent aged 55 or above but below 60
15,000.-
15,000.-
15,000.-
15,000.-
Additional Dependent Parent / Grandparent Allowance (For each dependant)）
Parent / grandparent aged 60 or above or is eligible to claim an allowance under the Government's Disability Allowance Scheme
30,000-
30,000.-
30,000.-
30,000.-
Parent / grandparent aged 55 or above but below 60
15,000.-
15,000.-
15,000.-
15,000.-
Single Parent Allowance
100,000.-
100,000.-
108,000.-
108,000.-
Disabled Dependant Allowance (For each dependant)
60,000.-
60,000.-
60,000.-
60,000.-
 
 
* Deductions – Maximum limit
Year of Assessment
2003/04 to
2006/07
2007/08
2008/09
2009/10
Expenses of Self-Education
40,000.-

60,000.-

60,000.-

60,000.-
Elderly Residential Care Expenses
60,000.-
60,000.-
60,000.-
60,000.-
Home Loan Interest
100,000.-
100,000.-
100,000.-
100,000.-
Mandatory Contributions to Recognized Retirement Schemes
12,000.-
12,000.-
12,000.-
12,000.-
Approved Charitable Donations [ (Income - Allowable Expenses- Depreciation Allowances) x Percentage ]
25%
25%
35%
35%
 
* A calculated chart of taxing based on the taxable income
Taxing period
2006/07
2007/08
2008/09
2009/10
Net Chargeable Income
Rate
Tax
Net Chargeable Income
Rate
Tax
Net Chargeable Income
Rate
Tax
Net Chargeable Income
Rate
Tax
On the First
30,000.-
2%
600.-
30,000.-
2%
600.-
40,000.-
2%
800.-
40,000.-
2%
800.-
On the Next
30,000.-
60,000 .-
8%
2,400.-
3,000.-
30,000.-
60,000 .-
7%
2,100.-
2,700.-
40,000.-
80,000 .-
7%
2,800.-
3,600.-
40,000.-
80,000 .-
7%
2,800.-
3,600.-
On the Next
30,000.-
90,000 .-
14%
4,200.-
7,200.-
30,000.-
90,000 .-
13%
3,900.-
6,600.-
40,000.-
120,000 .-
12%
4,800.-
8,400.-
40,000.-
120,000 .-
12%
4,800.-
8,400.-
Remainder
-
19%
-
-
17%
-
-
17%
-
-
17%
-
Standard Rate of Tax
-
16%
-
-
16%
-
-
15%
-
-
15%
-
Taxable income = sum of income for the taxing period – basic exemption on tax – additional exemption on tax.
 
 
Please call our tax consultants if you have any questions regarding your current tax arrangement or rights.
Phone: (852) 8206 1139
Fax : (852) 3019 1960
Email : account@sbc.com.hk
Our professional accountants and tax consultants will be pleased to provide advice for your reference anytime.
 
Remark: The fees stated above are quoted for current year only, we reserve the right to make any modification at any time when deemed necessary.