Tax calculation - Profits Tax Rates - Benny Leung & Company Limited

Hong Kong Profits Tax Rates for Corporations

Corporation rate type	Year of assessment	Tax Rates
Standard rate	2008/09 onwards	16.5%
Two-tiered rates (to qualify entity)	2018/19 onwards	1^st HKD2 million of assessable profits will be lowered to 8.25%. Assessable profits above HKD2 million will be subject to 16.5%

Corporation rate type

Year of assessment

Tax Rates

Standard rate

2008/09 onwards

16.5%

Two-tiered rates (to qualify entity)

2018/19 onwards

1^st HKD2 million of assessable profits will be lowered to 8.25%.

Assessable profits above HKD2 million will be subject to 16.5%

If you have more than one connected entity, you may only choose one to apply two-tiered profits tax rates, the others only would apply standard rate.