Salaries tax

Salaries tax

Salaries tax in the Hong Kong taxation system is Direct tax and also classified as Income tax.

According to Cap.112 Hong Kong Ordinance, Inland Revenue Ordinance (abbreviated to IRO) IRO Section 8, unless otherwise provided, salaries tax is chargeable on income from any office, employment and pensions for a year of assessment arising in or derived from Hong Kong.

Year of Assessment

The period of assessment is from April 1st to March 31st of the following year.

Income from office

An office holder is a position which may be called a company director. The source of income from an office is determined by the location of the office. The key factor is the place of management and control of the office. For example, if the directors hold one of their board meetings in Hong Kong, then the income will be subject to salaries tax fully without time apportionment.

See also

* Inland Revenue Department (Hong Kong)
* Goepfert case and DIPN10
* 60-day rule
* Double tax arrangement
* Share options
* Rental value

Reference links

* [http://www.legislation.gov.hk/blis_export.nsf/home.htm Cap.112 of Hong Kong Ordinance, Inland Revenue Ordinance (in short, IRO) IRO Section 8]
* [http://www.ird.gov.hk/eng/tax/ind_sal.htm HK IRD: Salaries Tax - as an Employee, something you need to know]
* [http://www.info.gov.hk/bor/eng/pdf/dv18_second/d5903.pdf HK Inland Revenue Department: Departmental Interpretation and Practice Notes No.10 (DIPN10) Salaries tax]


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