On 27 February 2019, Hong Kong Financial Secretary Paul MP Chan delivered the 2019-20 Budget. Some of the main measures of the budget include:
- A reduction in the profits tax for the year of assessment 2018-19 by 75%, subject to a ceiling of HKD 20,000 (also applies for salaries tax and tax under personal assessment);
- A waiver of business registration fees for one year (from 1 April 2019 to 31 March 2020);
- A waiver of rates for four quarters of 2019/20, subject to a ceiling of HKD 1,500 per q…