Hong Kong Company Formation

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Tax measures proposed in 2020-21 Budget

According to Inland Revenue Department

In his Budget delivered today (February 26), the Financial Secretary proposed the following tax measures.

      The Financial Secretary proposed a one-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2019-20 by 100 per cent, subject to a ceiling of $20,000 per case. This measure will cost the Government $20.8 billion, benefiting about 2.09 million taxpayers.

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Latest arrangements of Inland Revenue Department public services

According to Inland Revenue Department

In view of the extension of the special work arrangements for government departments to March 1, the Inland Revenue Department announced today (February 22) that from February 24 it will continue to suspend the provision of all of its services, except for the following:

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Companies Registry expands limited counter services starting from February 24

According to Companies Registry

Having reviewed the special work arrangement in operation since February 3, the Companies Registry announced today (February 21) that starting from February 24, it will provide limited counter services on every weekday for receiving documents delivered in hard copy and for collection of certificates for company incorporations.

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Companies Registry provides limited counter services on alternate weekdays starting from February 10

According to Company Registry

To align with the special work arrangement announced by the Government today (February 7) and to further reduce the risk of the spread of the novel coronavirus in the community, the Companies Registry announced that starting from next Monday (February 10), the Companies Registry will provide limited counter services every Monday, Wednesday and Friday of the week.

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