In addition to profits tax, another important tax in Hong Kong's corporate audit is salaries tax, which is similar to the mainland's personal income tax.

Salaries tax is a tax levied on an individual on his actual income in Hong Kong in respect of any office or employment. If the employment is outside Hong Kong, salaries tax is payable only on gratuities for services rendered in Hong Kong, i.e. no tax is payable as long as the income is not derived from Hong Kong.

Salaries tax takes the owner of taxable income as a taxpayer. A taxpayer's place of residence, residence or citizenship is irrelevant to his or her salaries tax liability. This is commonly referred to as the principle of territorial taxation. In Hong Kong salaries tax completely abandons the principle of personal taxation. Individuals may be required to declare salaries tax on income derived from employment in Hong Kong, income derived from a gainful position in Hong Kong, or pension derived from Hong Kong.

The types of salaries tax in Hong Kong relate only to income from employment. Other income is not subject to salaries tax. Unlike the mainland individual income tax divided into different kinds.

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