The Hong Kong Master Tax Guide explores the spectrum of taxation issues in Hong Kong using non-technical language and easy to follow examples, flowcharts and tables. The taxes imposed under the Inland Revenue Ordinance (Cap 112) (property tax, salaries tax and profits tax) and the Stamp Duty Ordinance (Cap 117) are examined in detailed with attention being paid to matters ranging from liability to tax to assessment, payment, objection and appeal. To enable quick and easy access to information, a comprehensive Subject Index, Case Table, Board of Review Decision Table and the Inland Revenue Ordinance (Cap 112), Stamp Duty Ordinance (Cap 117) Section Finding List are provided.


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The latest 2023/24 edition delivers the up-to-date tax law changes in Hong Kong and their implications since the last edition including:

  • Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Ordinance 2022;
  • Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Ordinance;
  • Updates on Stamp Duty Ordinance;
  • Updates on Board of Review cases in profits tax, salaries tax and stamp duty, including John Wiley & Sons UK2 LLP and Wiley International LLC v the Collector of Stamp Revenue;
  • Updates on the Inland Revenue Department’s Departmental Information and Technology Plan and e-Filing Project;
  • Updated Transfer Pricing guidance from the Inland Revenue Department,  including Transfer Pricing specific Departmental Interpretation and Practice Notes (“DIPNs”) and relevant Transfer Pricing content from other DIPNs;
  • International tax developments, including updates on the OECD’s Base Erosion and Profit Shifting (BEPS 2.0) Project which will impact Hong Kong;
  • Updates on the implementation of Pillar 2 under BEPS 2.0 in Hong Kong; and
  • Other tax measures announced by the Financial Secretary in the 2023/24 Budget.

The Hong Kong Master Tax Guide is a handy desktop reference book and provides comprehensive and up-to-date explanation of Hong Kong taxation laws. It provides a clear, concise, practical, and up-to-date commentary covering the full scope of Hong Kong Taxation Law, it also provided concepts governing taxation of companies, businesses, individuals, partnerships, clubs, and associations in Hong Kong.

Topics Covered:


  1. Introduction to Hong Kong Revenue Law
  2. Salaries Tax
  3. Personal Allowances
  4. Personal Assessment
  5. Property Tax
  6. Profits Tax: Chargeability, Basis Period and Profits Tax Rates
  7. Profits Tax: Stock Valuation, Deductions and Losses
  8. Profits Tax: Special Items, Businesses and Taxpayers
  9. Depreciation and Other Capital Allowances
  10. Returns and Information, Assessment, Provisional Tax
  11. Payment and Recovery of Tax
  12. Objections, Appeals
  13. Offences and Penalties
  14. Advance Rulings, Anti-avoidance
  15. Stamp Duty
  16. International Tax Considerations: Tax Treaties and BEPS
  17. Transfer Pricing