Most firms charge UPFRONT on accounting, but not us.
Get Started HK runs on solid cashflow and startup-first values. You won't pay a cent for first accounting or audit until 18 months in, when your business is up and running. 🚀 Learn more
Financial Secretary Paul Chan Mo-po has set the 2023/24 Budget with the theme ‘Leaping forward steadily, together we bolster prosperity under our new vision’.
The progressive tax rate for salary income remains as below for the financial year 2023/24.
Personal Income | Progressive Tax Rate % |
---|---|
First HK$50,000 | 2% |
Next HK$50,000 | 6% |
Next HK$50,000 | 10% |
Next HK$50,000 | 14% |
Remaining income | 17% |
The Financial Secretary has waived 100% tax deduction for salaries tax for the year 2022/23, subject to a ceiling of HK$6,000 per case.
The Hong Kong Government has also presented various proposals, including but not limited to the following:
Should you have any questions, feel free to contact our licenced CPA and Chartered secretary at info@getstarted.hk.
Suite C, Level 7, World Trust Tower, 50 Stanley Street, Central, Hong Kong
See Our Offices