ARTICLE · 17 DECEMBER 2021

2021-2022 HKSAR Budget Summary

PKF

The Financial Secretary of the Hong Kong SAR Government, the Honourable Mr. Paul Chan Mo-po delivered the 2021-22 Budget Speech in the Legislative Council on 24 February 2021.

Hong KongTax

Henry Fung

Candice Ng

Jeffrey Lau

The Financial Secretary of the Hong Kong SAR Government, the Honourable Mr. Paul Chan Mo-po delivered the 2021-22 Budget Speech in the Legislative Council on 24 February 2021. We have summarized the 2021- 22 Budget Speech with a focus on tax matters as follows:-

Tax Highlights of the Budget Speech

Profits Tax

A one-off tax reduction of 100% of profits tax for 2020- 21, subject to a ceiling of HK$10,000.

Salaries Tax

A one-off tax reduction of 100% of salaries tax and tax under personal assessment for 2020-21, subject to a ceiling of HK$10,000.

Stamp duty

Propose to raise the rate of advalorem Stamp Duty on stock transfers, from the current 0.1% to 0.13% of the consideration or value of each transaction payable by buyers and sellers respectively

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2021-2022 HKSAR Budget Summary

Tax Highlights of the Budget Speech

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