The Hong Kong Inland Revenue Department issued a release on 6 April 2022 welcoming the passage of the legislation providing the tax concessions for 2021-22 that were announced as part of the 2022-23 Budget. This includes a reduction in profits tax for the year of assessment 2021-22 by 100%, subject to a ceiling of HKD 10,000, which also applies for salaries tax and tax under personal assessment.
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Government welcomes passage of tax concessions
The Secretary for Financial Services and th…