On 22 February 2023, Hong Kong Financial Secretary Paul Chan delivered the 2023-24 Budget. Tax-related measures of the budget include:

• A one-off reduction of profits tax, salaries tax, and tax under personal assessment for the year of assessment 2022/23 by 100%, subject to a ceiling of HKD 6,000 per case;
• An increase in the child allowance from HKD 120,000 to HKD 130,000 starting from the year…