According to the Inland Revenue Ordinance Interpretation and Application Note No. 39 (DIPN 39) revised by the Hong Kong Inland Revenue Department in March 2020, cryptocurrencies are subject to profit tax.

Tax standards:

50USDT-50000USDT pay 12%
50,000 USDT and above-200,000 USDT pay 13%
200,000 USDT and above-5,000,00 USDT pay 15.5%
5,000,00USDT and above pay 16.5%

DIPN 39: https://www.ird.gov.hk/eng/pdf/dipn39.pdf

The tax payment deadline is the deadline for taxpayers with tax obligations to pay taxes to the state. It is a manifestation of the mandatory and fixed nature of tax time. Any taxpayer must pay taxes on time.

Individual income tax, payment deadline table

Level 1: Payments not exceeding 50,000 USDT, payment deadline is 7 days

Level 2: Payments exceeding 50,000 to 100,000 USDT, payment deadline is 10 days

Level 3: Payments exceeding 100,000 to 300,000 USDT, payment deadline is 15 days

Level 4: Payments exceeding 300,000 to 600,000 USDT, payment deadline is 20 days

Level 5: Payments exceeding 600,000 to 1 million USDT, payment deadline is 25 days

Level 6: Payments exceeding 1 million USDT, payment deadline is 30 days