The Budget for 2013-14 was presented to the Legislative Council by the Financial Secretary on 27 February 2013. Details of the tax-related proposals, which unless otherwise indicated will apply from 1 April 2013 when they are enacted, are summarized below.
(a) Corporate taxation
|-||A 75% reduction of profits tax for the year of assessment 2012-13 was proposed, subject to a ceiling of HKD 10,000 per case.|
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