The Hong Kong Inland Revenue Department has announced the publication of Inland Revenue (Amendment) (No. 5) Bill 2018 on three tax concession measures included as part of the 2018-19 Budget:
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The Inland Revenue (Amendment) (No. 5) Bill 2018 (Amendment Bill) will be gazetted on June 8. It seeks to implement three tax concession measures as proposed in the 2018-19 Budget:
(a) to allow husband and wife the option of electing for personal assessment (PA) separately;
(b) to allow enterpris…