2018/19 Tax Concessions
6 November 2019
Legislative Council is passaged the Inland Revenue
(Amendment) (Tax Concessions) Bill 2019 on 6 November 2019.
The new Ordinance gives effect to the tax concessions proposed by the Government in 2019, i.e. reducing salaries tax, tax under personal assessment and profits tax for the year of assessment 2018/19 by 100 per cent, subject to a ceiling of $20,000 per case.
For details, please refer to the IRD website as below: