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Why Us?


Establishing strong and long standing relations with our clients is our primary objective.

With Us... You have a firm providing an efficient, cost-effective and high-quality audit and within critical time constraints. Besides, we may help you and your business with our professional advice on accounting- and business-related solutions.

    

Hong Kong Budget


The Financial Secretary Paul Chan delivered his 2019/2020 budget speech on 27 February 2019. We are pleased to summarise the budget 2019/20 proposals on tax changes, together with other related measures for your reference.

The tax rates or allowances for the Year of Assessment 2019/2020, which are tabled below for your easy reference:-
Profits Tax Tax Rate
Corporation (If Qualified, First HK$2 million : 8.25%) 16.5%
Un-incorporation Business (If Qualified, First HK$2 million : 7.50%) 15.0%

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Salaries Tax Allowance
Single $132,000
Married Person $264,000
Child - 1st to 9th (each) (birth yr)$240,000
Child - 1st to 9th (each) (other yr)$120,000
Dependent Parent/Grandparent *$50,000
Dependent Parent/Grandparent (Additional for dependent living with taxpayer) - Aged 60 or up

*$50,000
Dependent Parent/Grandparent **$25,000
Dependent Parent/Grandparent (Additional for dependent living with taxpayer) - Aged 55-59

**$25,000
Dependent Parent/Grandparent in residential care
(Max.) $100,000
Dependent Brother/Sister
(only when no child allowance is claimed)


$37,500
Single Parent $132,000
Disable Dependent $75,000
Education (Max.) $100,000
Mortgage Relief (Max.) $100,000
(20 yrs in total)
 
Net Chargeable Income Tax Rate
First $50,000 2%
Next $50,000 6%
Next $50,000 10%
Next $50,000 14%
Remaining
17%
OR
Standard Rate on Assessable
Income (without allowances)

15%
 
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