OrbitaxHong Kong Passes Inland Revenue (Amendment) Bill 2018 Including Capped Tax Reduction and New Individual Tax Brackets
|Approved Changes|Hong Kong
The Hong Kong Inland Revenue Department has announced the passage of the Inland Revenue (Amendment) Bill 2018 on 16 May 2018. The Bill includes mainly individual income tax measures proposed in the 2018-19 Budget, including:
- A reduction in the salaries tax, profits tax, and tax under personal assessment for the year of assessment 2017-18 by 75%, subject to a ceiling of HKD 30,000 p…
