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.