Highlights On The 2019/20 Budget

Author:Mr James Donnan, Donald Tsang and Larry Lai

A number of measures outlined in last week's budget announcement help ensure that Hong Kong remains an attractive hub for business investment in the region.

Small businesses, multinational companies, fund management and leasing (aviation and shipping) sectors will be the key beneficiaries over the upcoming years, based on a number of initiatives outlined, as follows:

Reduce Profits / Salaries tax for the year 2018/19 by 75% (subject to a ceiling of HKD20,000 per case) and waive Business Registration (BR) fee for 2019/20 Enhance tax measures on corporate treasury centres regime to strengthen Hong Kong's competitiveness Develop Hong Kong as a ship leasing centre in the Asia Pacific region (alongside aviation leasing) Study the establishment of a limited partnership regime for...

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