OrbitaxHong Kong Legislative Council Approves Legislation for Two-Tiered Standard Rates Regime for Individuals and Other 2024-25 Budget Measures
|Approved Changes|Hong Kong
The Hong Kong Inland Revenue Department announced that the Legislative Council approved legislation for the implementation of certain 2024-25 Budget measures on 22 May 2024, including the two-tiered standard rates regime for salaries tax and tax under personal assessment.
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Government welcomes passage of Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill 2024
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