Hong Kong Shipping Commercial Principal Tax Regime
Ship agency, ship management and ship broking businesses are important maritime business services supporting international shipping activities. The newly introduced tax measures will provide economic incentives for qualifying commercial principals (i.e. ship agents, ship managers and ship brokers) to operate in Hong Kong, fostering the growth of our shipping business and maritime cluster.
The new tax regime provides half-rate profits tax concessions at a tax rate of 8.25 per cent to qualifying shipping commercial principals (i.e. ship agents, ship managers and ship brokers). Tax concessions will apply to sums received by or accrued to shipping commercial principals on or after April 1, 2022.
Visit the HKSAR government websites for more information.