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
|
|
In a response to a question from the Legislative Council on promoting the popularization of electric vehicles (EVs), Hong Kong's Secretary for the Environment has provided an overview of the government's policy direction and current measures. With respect to taxation, the response notes that the government has extended the first registration tax (FRT) concession period for EVs to March 31, 2024. Further, enterprises continue to be allowed to claim full profits tax deductions for their capital expenditure on the procurement of EVs in the first year.