On 28 February 2024, Hong Kong’s Financial Secretary, Mr. Paul Chan presented the 2024-25 Budget, themed ‘Advance with Confidence, Seize Opportunities, Strive for High-quality Development’.
Hong Kong faced unexpected challenges during the fiscal year 2023-24, resulting in slower economic growth and a larger fiscal deficit than anticipated. To address these issues, the 2024-25 Budget adopted a fiscal consolidation strategy and outlined a comprehensive plan aimed at stimulating economic growth and enhancing competitiveness.
Our exclusive commentary on the Hong Kong Budget 2024-25 offers insights into the key tax proposals announced, which will impact businesses and individuals.
- Global Tax Initiative
- Profits Tax Relief
- Tax Incentives
- Other Key Measures and Proposals
- Other Duties and Charges
Download our commentary now to understand how you can navigate these changes with confidence.
Our tax team will be conducting a webinar at 11am-12pm on 14 March, guiding you through some of these key changes. Click here to register for your complimentary seat.
If you have any questions about maximising your tax position with this latest announcement, please email our tax team at [email protected].
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