Hong Kong SAR

Corporate - Significant developments

Last reviewed - 30 June 2022

New legislation enacted

The following pieces of legislation were enacted in the past 12 months:

  • The Revenue (Tax Concessions) Ordinance 2022 was gazetted on 14 April 2022 to give effect to the 100% reduction of profits tax for year of assessment 2021/22, subject to a cap of 10,000 Hong Kong dollars (HKD).