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 quarters of 2021-22, subject to a ceiling of HKD 5,000 per quarter in the first two quarters and a ceiling of HKD 2,000 per quarter in the remaining two quarters for each rateable property; A waiver of...