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What is the secondary corporate Tax rate in Hong Kong?

Released Date: Nov 27,2022 Article Source: HUANZE

When filing a tax form in Hong Kong, there will be an option for a secondary tax rate. So what is the secondary tax rate?

Hong Kong companyWhen filing the tax form, there will be an option for the secondary tax rate. So what is the secondary tax rate?

First of all, the secondary tax rate is to be mitigated by the Hong Kong Inland Revenue DepartmentHong Kong companyThe burden of the establishment. The annual profits of Hong Kong companies in200For the amount up to HK $10,000, the tax rate will be as follows16.5%Halve the levy. Any excess will be taxed at normal rates16.5%Pay.

Second, it determines the secondary tax rate, whether that's allHong Kong companyCan you enjoy it? The answer is definitely not. Generally, only one company in an entity can enjoy the secondary tax rate, while other affiliated companies of this entity no longer enjoy this preferential policy.

Therefore, as long as the target company that needs to pay tax meets the preferential policy of the secondary tax rate, it can be checked when filling in the tax form to save the tax cost of the company.

What is the secondary corporate Tax rate in Hong Kong?

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