Hong Kong - Other taxes and levies
Hong Kong - Other taxes and levies
Taxation of international executives
Social security levies
Are there social security/social insurance taxes in Hong Kong? If so, what are the rates for employers and employees?
There are no social security/social insurance taxes in Hong Kong.
Mandatory provident fund
Employers are required to make arrangements for all employees aged between 18 and 65 normally residing and working in Hong Kong to join a mandatory provident fund (MPF) scheme. However, exemption from the MPF requirements is available to any person entering Hong Kong for the purpose of being employed or self-employed (i.e., on a valid employment visa) for a limited period (13 months or less) or who is a member of an overseas retirement scheme.
Employer and employee
Relevant Income - includes wages, salary, leave pay, fee, commissions, bonuses, gratuity, perquisites, or allowances expressed in monetary terms, paid or payable by an employer (directly or indirectly) to the employee, but does not include severance payment or long service payments under the Employment Ordinance.
| Paid by employer | Paid by employee |
Total | |
|---|---|---|---|
| Mandatory Provident Fund | 5% of relevant income, maximum contribution of HKD1,500 a month | 5% of relevant income, maximum contribution of HKD1,500 a month | 10% of relevant income, maximum contribution of HKD3,000 a month |
Gift, wealth, estate, and/or inheritance tax
Are there any gift, wealth, estate, and/or inheritance taxes in Hong Kong?
None. Estate duty was abolished with effect from February 2006.
Real estate tax
Are there real estate taxes in Hong Kong?
Yes. Income from land and buildings located in Hong Kong is subject to property tax.
Sales/VAT tax
Are there sales and/or value-added taxes in Hong Kong?
No.
Unemployment tax
Are there unemployment taxes in Hong Kong?
No.
Other taxes
Are there additional taxes in Hong Kong that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
- Stamp duty may be payable on transactions of properties and transfers of Hong Kong stock.
- Excise duty on liquor (excluding beer and wine) and tobacco.
- Rates on properties.
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