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Hong Kong Gazettes Ordinance Implementing One-Time Income Tax Reduction

Nov. 18, 2019, 10:02 PM

The Hong Kong Official Gazette Nov. 15 published an ordinance implementing a one-time income tax reduction. The ordinance includes measures reducing income taxes for individuals and legal entities by 100 percent, up to HK$20,000 (US$2,555), for the 2018-19 assessment year. The measures were announced as part of the 2019-20 budget. [Hong Kong, Official Gazette, 11/15/19]

Reference:
View Ordinance No. 9 of 2019, Official Gazette No. 46 Vol. 23. View Official Gazette No. 46 Vol. 23, Legal Supplement No. 1.View Index of Official Gazette No. 46 Vol. 23 of 11/15/2019.

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