Hong Kong's new two-tiered profits tax regime was enacted with the publication of the Inland Revenue (Amendment) (No. 3) Ordinance 2018 in the Official Gazette on 29 March 2018. The regime applies for years of assessment commencing on or after 1 April 2018, and includes a reduced profits tax rate of 8.25% on assessable profits up to HKD 2 million, subject to certain restrictions ({News-2018-03-…