Scope of Charge
Hong Kong salaries tax is charged on income arising in or derived from Hong Kong as per regional source.
From 1 April of one year to 31 March of the next year
Deductions and Allowances
Salaries tax clearly defines deductible items, that deductible portion includes donations from governmentally approved charitable organizations, contributions paid to recognized retirement schemes, self-education expenses, interest on personal home loans and all outgoing expenses incurred in order to fully or necessarily produce the assessable income. The information for tax allowances and tax rates for the year 2012/13 and 2013/14 is listed below: