Requirements for tax relief from the Hong Kong Inland Revenue Department,2021/22For a one-off 100% reduction in Profits tax, salaries tax and Personal assessment in each case for the year of assessment10,000The upper limit is yuan. The legislation on this relief has been passed by the Legislative Council and is on2022years4month14It was gazetted on January.

The maximum profits tax relief is calculated on a per-business basis. The upper limit of salaries tax relief is calculated for each individual; If a married person and his or her spouse are assessed jointly, the maximum relief is the combined total of the two persons10,000Yuan. For personal assessment, the maximum relief for unmarried persons is calculated on a per-individual basis. If a married person elects to be assessed under personal assessment separately from his or her spouse, the maximum amount of relief will be calculated for each individual; If a taxpayer elects personal assessment jointly with his/her spouse, the maximum relief is for two personstotal10,000Yuan.

The above relief does not apply to property tax, but individuals earning rental income may, if they are eligible, obtain relief by electing personal assessment.

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