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Hong Kong Provides Penalty Relief for Tax Settlement by Installments

|Approved Changes|Hong Kong
Hong Kong

The Hong Kong Inland Revenue Department has announced penalty (surcharge) relief for installment plans in light of the prevailing economic conditions and the financial difficulties that some taxpayers may be facing. Click the following link for the full text of the announcement, which includes additional details on how to apply for relief. Further to the surcharge relief, the Hong Kong Government announced a series of other measures to support enterprises and employment.

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Relief Meas…

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