We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
The AI assistant for tax questions
Collaborate securely on your tax data
Share This Article
|
|
On 9 March 2018, Hong Kong gazetted the Inland Revenue (Amendment) Bill 2018, which includes certain concessionary revenue measures proposed in the 2018-19 Budget ({News-2018-03-02/P/2-previous coverage}). These are mainly limited to individual tax measures, including new bands and rates for salaries tax, increased dependent allowances, a 75% tax reduction capped at HKD 30,000, and other changes. According to a government release announcing the Bill, it will be introduced into the Legislative Council for approval on 21 March 2018.