Local tax news
Hong Kong - Two-tiered Profits Tax Rates Regime Implemented
On 29 March 2018 the two-tiered profits tax rates regime, that will be applicable to any year commencing on or after 1 April 2018 was introduced. According to the new regime the profit tax rate for corporations first HKD 2 million will be reduced to 8.25%, while the standard profit tax rate of 16.5% will remain unchanged for profits beyond HKD 2 million.
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