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