NEWS AND RESOURCES

2020-21 HONG KONG BUDGET HIGHLIGHT

The Financial Secretary, the Honourable Paul MP Chan, delivered the 2020-21 budget speech of the Government in the Legislative Council on 26 February 2020. The Financial Secretary Proposed relief measures in various areas.

This appears to be a technical issue arising out of the delay in enacting the Private Funds Law and Mutual Funds (Amendment) Law on 31 January 2020, which came into force on 7 February 2020, to address the EU’s requirements in relation to CIVs.

 

HIGHLIGHTS

 

TAX RELIEF MEASURES (For the year of assessment 2019/20 proposed in the 2020-21 budget)

 

OTHER RELIEF MEASURES

Please feel free to contact us should you require more information on the above.

 

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