OrbitaxReduction of profits tax announced by Chief Executive
|Proposed Changes|Hong-Kong
The Chief Executive announced a reduction of the profits tax in his annual policy speech. The tax relief measures announced are summarized below:
| - | the profits tax will be reduced from the current 17.5% to 16.5% for corporations, and from 16% to 15% for unincorporated businesses for the financial year 2008-09; | …
