The Inland Revenue (Amendment) (No. 2) Bill 2015 was passed by the Hong Kong Legislative Council on 9 July 2015. The main measure is a 75% reduction in salaries tax, profits tax and tax under personal assessment with a ceiling of HKD 20,000 per taxpayer for the year of assessment 2014-15. Taxpayers that are separately chargeable to salaries tax and profits tax can enjoy the tax reduction under …