Hong Kong Ordinances

INLAND REVENUE ORDINANCE - SECT 13

Calculation of salaries tax

(Past version on 17/04/1998).
(Past version on 30/06/1997).

(1) Subject to subsection (2), salaries tax shall be charged at the rates
specified in Schedule 2 on the net chargeable income of a person for each
year of assessment ascertained in accordance with this Part. (Amended L.N. 350
of 1990)

(2) The amount of salaries tax so charged shall not exceed the amount which
would have been chargeable had the standard rate been charged on the whole of-

   (a)  the net assessable income as reduced by such deductions as are under
        Part IVA allowable to the person; or

   (b)  in the case of a spouse chargeable to salaries tax under
        section 10(3), the aggregate amount of his or her
        net assessable income and that of his or her spouse as reduced by such
        deductions as are under Part IVA allowable to them. (Amended 31 of
        1998 s. 7)

(3) Notwithstanding subsections (1) and (2), the amount of salaries tax
charged under this section for the year of assessment commencing on 1 April
2006 shall be reduced by an amount equivalent to-

   (a)  50% of the amount of the tax as computed under subsection (1) read
        together with subsection (2); or

   (b)  $15000, whichever is the less. (Added 10 of 2007 s. 3) (Replaced 43 of
        1989 s. 8)