Hong Kong SAR Budget 2021/2022
Summary of Tax Measures
Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan Mo-po, delivered the 2021/22 budget speech today. A deficit of $257.6 billion for 2020/21 is expected and fiscal reserves to reach $902.7 billion by 31 March 2021. This Tax Newsflash summarized the major proposals with respect to tax for individual and business.