Accountancy in Hong Kong

>> Allowances in Hong Kong

Depreciation

Depreciation allowances for tax deduction purpose are available for qualifying capital expenditure on plant and machinery, and industrial and commercial buildings.

The depreciation rates in Hong Kong are: –

  • 4% for commercial building
  • 20% initial and then 4% for industrial buildings
  • 60% initial and then 10%-30% on written down value for plant and machinery furniture and equipment etc.
  • 100% for prescribed fixed assets

Latest version updated 24th October 2017

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HK$

Hong Kong Dollar

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