Local tax newsHong 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. If these subjects are something which you find interesting and would like to discuss further we are happy to be at your service. Contact us at sales@comtaxit.com. Comments are closed.
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