The Hong Kong Inland Revenue Department has announced the Inland Revenue (Amendment) (Tax Concessions) Bill 2025, which provides for the one-off reduction of profits tax, salaries tax, and tax under personal assessment proposed in the 2025-26 Budget for the year of assessment 2024/25.
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Inland Revenue (Amendment) (Tax Concessions) Bill 2025 to be gazetted
The Inland Revenue (Amendment) (Tax Concessions) Bill 2025 will be gazetted on March 7 to implement the one-off tax concessions prop…