Starting from 2018/2019, Hong Kong profit tax rate would be updated.
For EBIT (Earning Before Interest and Tax)
Corporation (limited company):
Below HKD$2,000,000: 8.25%
Over HKD$2,000,000: 16.5%
e.g. A limited company's EBIT is HKD$3,000,000.
The tax would be:
HKD$2,000,000*8.25%+HKD$1,000,000*16.5%
=HKD$165,000+HKD$165,000
=HKD$330,000
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Unincorporated businesses(sole proprietorship/ partnership):
Below HKD$2,000,000: 7.5%
Over HKD$2,000,000: 15%
e.g.A sole proprietorship's EBIT is HKD$3,000,000.
The tax would be:
HKD$2,000,000*7.5%+HKD$1,000,000*15%
=HKD$150,000+HKD$150,000
=HKD$300,000 Starting from 2018/2019, Hong Kong profit tax rate would be updated.
For EBIT (Earning Before Interest and Tax)
Corporation (limited company):
Below HKD$2,...
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