The Hong Kong Inland Revenue Department has announced the passage of the Inland Revenue (Amendment) Bill 2018 on 16 May 2018. The Bill includes mainly individual income tax measures proposed in the 2018-19 Budget, including:
The Bill also sets out the various allowances for individuals, including the basic allowance, different dependent allowances, child allowances, etc. For year of assessment 2018-19, the basic allowance is HKD 132,000, and for married persons, it is HKD 264,000.
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