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ARTICLE · 12 MARCH 2019

Highlights On The 2019/20 Budget

A number of measures outlined in last week's budget announcement help ensure that Hong Kong remains an attractive hub for business investment in the region.

Hong KongFinance and Banking

A number of measures outlined in last week's budget announcement help ensure that Hong Kong remains an attractive hub for business investment in the region.

Small businesses, multinational companies, fund management and leasing (aviation and shipping) sectors will be the key beneficiaries over the upcoming years, based on a number of initiatives outlined, as follows: 

  • Reduce Profits / Salaries tax for the year 2018/19 by 75% (subject to a ceiling of HKD20,000 per case) and waive Business Registration (BR) fee for 2019/20
  • Enhance tax measures on corporate treasury centres regime to strengthen Hong Kong's competitiveness
  • Develop Hong Kong as a ship leasing centre in the Asia Pacific region (alongside aviation leasing)

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