Hong Kong SAR

Individual - Significant developments

Last reviewed - 28 June 2023

New legislation enacted

The following legislation was enacted in the past 12 months:

  • The Inland Revenue (Amendment) (Child Allowance and Tax Concessions) Ordinance 2023 was gazetted on 28 April 2023 to give effect to (i) the 100% reduction of salaries tax and tax under personal assessment for the year of assessment 2022/23, subject to a cap of 6,000 Hong Kong dollars (HKD), and (ii) increasing the basic child allowance and the additional child allowance for each child born during the year of assessment from HKD 120,000 to HKD 130,000 starting from the year of assessment 2023/24.