On 24 February 2021, Hong Kong Financial Secretary Paul Chan delivered the 2021-22 Budget. Tax related measures of the budget are relatively limited and include:

• A reduction in the profits tax for the year of assessment 2020-21 by 100%, subject to a ceiling of HKD 10,000 (also applies for salaries tax and tax under personal assessment);
• Rates concession for non-domestic properties for four qua…