The Hong Kong Inland Revenue Department has announced the passage of the Inland Revenue (Amendment) Bill 2018 on 16 May 2018. The Bill includes mainly individual income tax measures proposed in the 2018-19 Budget, including: A reduction in the salaries tax, profits tax, and tax under personal assessment for the year of assessment  2017-18 by 75%, subject to a ceiling of HKD 30,000 per case (is applied automatically in final tax payable); An increase in the marginal bands for salaries tax from the current HKD 45,000 to HKD 50,000, along with an increase in the number of bands from 4 to...