Hong Kong 2022-23 Budget – Key Highlights on Tax and Business-Related Measures

Delivered by the Financial Secretary, Mr Paul Chan, the Hong Kong 2022-23 Budget was announced on 23 February 2022. The expansionary budget was curated to provide immediate Covid-19 support to its people and businesses and to achieve future economic growth as the country battles with its fifth wave of COVID-19 outbreak.

Some of the key highlights from this year’s budget includes new and extended personal and corporate tax incentives, business relief measures and long-term tax planning initiatives. As businesses make adjustments to their tax planning, BoardRoom has identified key highlights from the Hong Kong budget to help businesses minimise their tax charges and optimize their earnings.

Download our Hong Kong Budget 2022-23 Report for a concise summary about how these implications might affect your corporate tax planning.

If you have any questions relating to the information contained in this report or require tax advisory services, please contact our tax advisors via email or call us at +852-3709 2327          admin@professional-ss.com