The Hong Kong Inland Revenue Department issued a release on 6 April 2022 welcoming the passage of the legislation providing the tax concessions for 2021-22 that were announced as part of the 2022-23 Budget. This includes a reduction in profits tax for the year of assessment 2021-22 by 100%, subject to a ceiling of HKD 10,000, which also applies for salaries tax and tax under personal assessment. --- Government welcomes passage of tax concessions The Secretary for Financial Services and the Treasury, Mr Christopher Hui, welcomed the passage of the Revenue (Tax Concessions) Bill 2022 by the Legislative Council today...