On 22 February 2017, Hong Kong Financial Secretary Paul Chan Mo-po delivered the 2017-18 Budget. The direct tax-related measures of the budget are mainly limited to: Reducing profits tax for 2016-17 by 75%, subject to a ceiling of HKD 20,000 (also applies for salaries tax and tax under personal assessment); and Widening the marginal bands for salaries tax from the current HKD 40,000 to HKD 45,000 starting from 2017-18, which would result in the following brackets: up to HKD 45,000 -2% over HKD 45,000 up to 90,000 - 7% over HKD 90,000 up to 135,000 - 12% over HKD 135,000...