Hong Kong SAR Budget 2020/2021


Hong Kong SAR Budget 2020/2021

Summary of Tax Measures

Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan Mo-po, delivered the 2020/21 budget speech this morning (26 Feb). The budget deficit of HK$37.8 billion for 2019/20 is expected and fiscal reserves to reach HK$1,133.1 billion by 31 March 2020. 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

Developing a diversified economy

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