The Hong Kong Inland Revenue Department has announced the Inland Revenue (Amendment) (Tax Concessions) Bill 2025, which provides for the one-off reduction of profits tax, salaries tax, and tax under personal assessment proposed in the 2025-26 Budget for the year of assessment 2024/25. --- Inland Revenue (Amendment) (Tax Concessions) Bill 2025 to be gazetted The Inland Revenue (Amendment) (Tax Concessions) Bill 2025 will be gazetted on March 7 to implement the one-off tax concessions proposed in the 2025-26 Budget. The Budget proposes one-off reductions of salaries tax, tax under personal assessment and profits tax for the year of assessment 2024/25...