With no sales tax, no capital gains tax, no VAT and plans to phase out stamp duty, Hong Kong is one of the freest economies in the world. Income tax, or salaries tax as it is known in Hong Kong, is extremely low.
This is progressive, with a maximum rate of 17%. This salaries tax is charged on individuals in respect of all income arising in or derived from Hong Kong.
If you’d like to discuss net retentions further for Hong Kong please provide us with information on your specific situation. With our vetted Contractor Management partners we will ensure that you net the highest % possible of your gross income whilst ensuring that you are compliant with all Hong Kong regulations and those of your home country.