On 28 February 2018, Hong Kong Financial Secretary Paul MP Chan delivered the 2018-19 Budget. The tax-related measures of the budget include:
The budget also notes the plans for a 300% tax deduction on the first HKD 2 million in eligible R&D expenditure, with a 200% deduction for expenditure exceeding that amount, as well as the implementation of the two-tiered profits tax rates system (previous coverage).
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