The Hong Kong Inland Revenue Department announced that the Legislative Council approved legislation for the implementation of certain 2024-25 Budget measures on 22 May 2024, including the two-tiered standard rates regime for salaries tax and tax under personal assessment. --- Government welcomes passage of Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill 2024 The Government welcomed the passage of the Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill 2024 by the Legislative Council today (May 22). The Bill gives effect to the Government's proposals announced in the 2024-25 Budget and the 2023 Policy Address, which include:...