The Hong Kong Inland Revenue Department has issued a release announcing the passage of Inland Revenue (Amendment) (Tax Concessions) Bill 2019 by the Legislative Council on 6 November 2019. The main measures are for the reduction in the salaries tax, tax under personal assessment and profits tax for the Year of Assessment 2018/19 as proposed in the 2019-20 Budget, but with a 100% reduction of tax, subject to a ceiling of HKD 20,000 per case, instead of the 75% reduction originally proposed.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.