With its vibrant culture, world-class infrastructure, and global business environment, Hong Kong offers a unique blend of East and West—making it a top choice for expats and digital nomads.
In this guide, we’ll walk you through everything you need to know about relocating to Hong Kong from a personal tax perspective, including tax residency, income tax, special tax regimes and tax return obligations.
TaxPilot recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
Hong Kong follows a territorial taxation model. You will pay tax on local sourced incomes only, irrespective of your resident status.
if you spend more than 180 days in Hong Kong during the tax year.
if you spend more than 300 days in Hong Kong during the current and two previous tax years.
Tax on property and share sales
Tax on value of owned assets
Tax on assets passed to heirs
Tax to contribute to state welfare
If you receive incomes overseas while you are living in the Hong Kong, you may find that the source country, as a starting point, continues to tax the income.
Double taxation agreements may remove the source country’s taxing right and thus, enable you to receive incomes tax free globally.
At present, Hong Kong has 50 double taxation agreements signed.
