Hong Kong SAR

Individual - Significant developments

Last reviewed - 30 December 2022

New legislation enacted

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

  • The Inland Revenue (Amendment) (Tax Deductions for Domestic Rents) Ordinance 2022 was gazetted on 30 June 2022 to introduce a tax deduction for domestic rents. The maximum deductible amount is 100,000 Hong Kong dollars (HKD). The deduction is effective from the year of assessment 2022/23.
  • The Revenue (Tax Concessions) Ordinance 2022 was gazetted on 14 April 2022 to give effect to the 100% reduction of salaries tax and tax under personal assessment for the year of assessment 2021/22, subject to a cap of HKD 10,000.