Allowances 2022-23
Salaries Tax/Personal Assessment / Allowances, Deductions
The basic allowance is $132,000 for individuals and $264,000 for married taxpayers. Additional allowances are granted to each dependent family member, including children, siblings, parents, grandparents aged 55 or above. Some special circumstances such as single-parent families and persons with disabilities are also subject to additional allowances.
– Basic tax allowance: HK$132,000
– Married person’s allowance: HK$264,000
– Child Allowance (per child):
– 1st to 9th child: HK$130,000
– An additional HK$130,000 will be granted for each child in the year of assessment in which the child is born
– Dependent sibling allowance: HK$37,500
– Dependent Parent and Dependent Grandparent Allowance (per person):
– If aged 55 or above but under 60: HK$25,000
– If aged 60 or above: HK$50,000
– Aged under 60 but eligible to claim allowance under the Government’s Disability Allowance Scheme: HK$50,000
– Additional Dependent Parent and Dependent Grandparent Allowance (per parent):
– If aged 55 or above but under 60: HK$25,000
– If aged 60 or above: HK$50,000
– Aged under 60 but eligible to claim allowance under the Government’s Disability Allowance Scheme: HK$50,000
– Single parent allowance: HK$132,000
– Disabled Dependant Allowance: HK$75,000
– Disabled person allowance: HK$75,000
Hong Kong Inland Revenue Department https://www.ird.gov.hk/chi/tax/budget.htm#a01
