Critical RTC tax bill amendment pushed to HK’s LegCo
Proposed changes to the Inland Revenue Ordinance will have a dramatic impact on Hong Kong’s ability to attract treasury operations.
In a bid to make Hong Kong more attractive to corporates to set up treasury centres, the government is aiming to amend the Inland Revenue Ordinance to reduce profits tax for specified treasury activities by 50%, down to 8.25%, as had been widely anticipated.
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