Hong Kong SAR Budget 2019/2020


Hong Kong SAR Budget 2019/2020

Summary of Tax Measures

Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan Mo-po, delivered the 2019/20 budget speech this morning. A surplus of $58.7 billion is expected for 2018/19 and fiscal reserves to reach $1,162 billion by 31 March 2019. This Tax Newsflash summarized the major proposals with respect to tax for individual and business.

Tax concessions / Relief measures

Arrangements to stimulate economy and business

Expand Global Market Coverage

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