The Budget for 2014/15 was presented to the Legislative Council by the Financial Secretary on 26 February 2014. The tax-related proposals will, once they are enacted, apply from 1 April 2014. The content of the proposals is summarized below.
Direct taxation
(a) Corporate taxation
| - | Subject to a maximum of HKD 10,000, a one-off reduction of 75% of the current profits tax is proposed. |