{"id":6250,"date":"2022-03-18T02:56:41","date_gmt":"2022-03-18T02:56:41","guid":{"rendered":"https:\/\/www.boardroomlimited.com\/hk\/?p=6250"},"modified":"2023-05-16T06:15:56","modified_gmt":"2023-05-16T06:15:56","slug":"hong-kong-budget-2022","status":"publish","type":"post","link":"https:\/\/www.boardroomlimited.com\/hk\/hong-kong-budget-2022\/","title":{"rendered":"Hong Kong 2022-23 Budget \u2013 Key Highlights on Tax and Business-Related Measures"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;fadeInLeft&#8221; el_class=&#8221;business-insights-content&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_column_text]Delivered by the Financial Secretary, Mr Paul Chan, the Hong Kong 2022-23 Budget was announced on 23 February 2022. The expansionary budget was curated to provide immediate Covid-19 support to its people and businesses and to achieve future economic growth as the country battles with its fifth wave of COVID-19 outbreak.<\/p>\n<p>Some of the key highlights from this year\u2019s budget includes new and extended personal and corporate tax incentives, business relief measures and long-term tax planning initiatives. As businesses make adjustments to their tax planning, BoardRoom has identified key highlights from the Hong Kong budget to help businesses minimise their tax charges and optimize their earnings.<\/p>\n<p>Download our Hong Kong Budget 2022-23 Report for a concise summary about how these implications might affect your corporate tax planning.<\/p>\n<p><span>If you have any questions relating to the information contained in this report or require\u00a0<\/span><a href=\"https:\/\/www.boardroomlimited.com\/hk\/services\/tax\/\">tax advisory services<\/a><span>, please contact our tax advisors via email or call us at <a href=\"tel:+852-2598 5234\">+852-2598 5234<\/a><\/span>[\/vc_column_text][vc_btn title=&#8221;DOWNLOAD THE FULL HONG KONG 2022-23 BUDGET REPORT&#8221; style=&#8221;custom&#8221; custom_background=&#8221;&#8221; custom_text=&#8221;&#8221; shape=&#8221;square&#8221; align=&#8221;center&#8221; el_class=&#8221;common-btn&#8221; link=&#8221;url:https%3A%2F%2Fmarketing.boardroomlimited.com%2Fl%2F846413%2F2022-03-11%2Fnjd2dy%2F846413%2F1646979642i0LZVQew%2FBoardroom_Hong_Kong_Budget_2022_EN_FA.pdf|target:_blank&#8221; css=&#8221;.vc_custom_1646991572054{margin-top: 20px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Profit Tax&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;6273&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Key Highlights&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Other Business Relief Measures&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;6275&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Key Highlights&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Stamp Duty Wavier&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;6277&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Key Highlights&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Double Tax Treaty&#8221; font_container=&#8221;tag:h5|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;6294&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Key Highlights&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;m-t-50&#8243;][vc_column_inner css=&#8221;.vc_custom_1646804410789{padding-top: 30px !important;padding-right: 30px !important;padding-left: 30px !important;border-radius: 1px !important;}&#8221;][vc_btn title=&#8221;DOWNLOAD THE FULL HONG KONG 2022-23 BUDGET REPORT&#8221; style=&#8221;custom&#8221; custom_background=&#8221;&#8221; custom_text=&#8221;&#8221; shape=&#8221;square&#8221; align=&#8221;center&#8221; el_class=&#8221;common-btn&#8221; link=&#8221;url:https%3A%2F%2Fmarketing.boardroomlimited.com%2Fl%2F846413%2F2022-03-11%2Fnjd2dy%2F846413%2F1646979642i0LZVQew%2FBoardroom_Hong_Kong_Budget_2022_EN_FA.pdf|target:_blank&#8221; css=&#8221;.vc_custom_1646991587740{margin-top: 20px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; css_animation=&#8221;fadeIn&#8221; el_class=&#8221;seperator-container common-spacing&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_separator color=&#8221;custom&#8221; border_width=&#8221;2&#8243; accent_color=&#8221;#e9e6ee&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;none&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=&#8221;Related Business Insights&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;common-top-spacing business-insights-container&#8221;][vc_column_inner][vc_column_text]        <ul class=\"business-insights list-inline\">\n                            <li>\n                    <a href=\"https:\/\/www.boardroomlimited.com\/hk\/profits-tax-filing-2025-26-key-deadlines-and-compliance-points\/\" class=\"post-image\">\n                        <img decoding=\"async\" src=\"https:\/\/www.boardroomlimited.com\/hk\/wp-content\/uploads\/sites\/3\/2026\/06\/Profits-Tax-Filing-\u2013-202526-Key-Deadlines-and-Compliance-Points-1.png\" alt=\"\" loading=\"lazy\" \/>\n                    <\/a>\n                    <div class=\"article-inner test\">\n                        <p class=\"date\">17 Jun 2026<\/p>\n                        <!-- <h5><a href=\"https:\/\/www.boardroomlimited.com\/hk\/profits-tax-filing-2025-26-key-deadlines-and-compliance-points\/\">Profits Tax Filing \u2013 2025\/26 Key  [&hellip;]<\/a><\/h5> -->\n                        <h5><a href=\"https:\/\/www.boardroomlimited.com\/hk\/profits-tax-filing-2025-26-key-deadlines-and-compliance-points\/\">Profits Tax Filing \u2013 2025\/26 Key Deadlines and Compliance Points<\/a><\/h5>\n                        <p>The Inland Revenue Department (\u201cIRD\u201d) conducted the bulk issuance of 2025\/26 Profits Tax Returns in early April &hellip;<\/p>\n                        <a href=\"https:\/\/www.boardroomlimited.com\/hk\/profits-tax-filing-2025-26-key-deadlines-and-compliance-points\/\" class=\"common-btn\">READ MORE<\/a>\n                    <\/div>\n                <\/li>\n                            <li>\n                    <a href=\"https:\/\/www.boardroomlimited.com\/hk\/understanding-offshore-tax-claims-in-hong-kong\/\" class=\"post-image\">\n                        <img decoding=\"async\" src=\"https:\/\/www.boardroomlimited.com\/hk\/wp-content\/uploads\/sites\/3\/2026\/06\/Understanding-Offshore-Tax-Claims-in-Hong-Kong-1.png\" alt=\"\" loading=\"lazy\" \/>\n                    <\/a>\n                    <div class=\"article-inner test\">\n                        <p class=\"date\">17 Jun 2026<\/p>\n                        <!-- <h5><a href=\"https:\/\/www.boardroomlimited.com\/hk\/understanding-offshore-tax-claims-in-hong-kong\/\">Understanding Offshore Tax Claims i [&hellip;]<\/a><\/h5> -->\n                        <h5><a href=\"https:\/\/www.boardroomlimited.com\/hk\/understanding-offshore-tax-claims-in-hong-kong\/\">Understanding Offshore Tax Claims in Hong Kong<\/a><\/h5>\n                        <p>Hong Kong adopts a territorial basis of taxation, whereby Profits Tax is generally chargeable only where a person c &hellip;<\/p>\n                        <a href=\"https:\/\/www.boardroomlimited.com\/hk\/understanding-offshore-tax-claims-in-hong-kong\/\" class=\"common-btn\">READ MORE<\/a>\n                    <\/div>\n                <\/li>\n                            <li>\n                    <a href=\"https:\/\/www.boardroomlimited.com\/hk\/individual-tax-filing-2025-26-key-compliance-points-and-reminders\/\" class=\"post-image\">\n                        <img decoding=\"async\" src=\"https:\/\/www.boardroomlimited.com\/hk\/wp-content\/uploads\/sites\/3\/2026\/06\/Individual-Tax-Filing-\u2013-202526-Key-Compliance-Points-and-Reminders.png\" alt=\"\" loading=\"lazy\" \/>\n                    <\/a>\n                    <div class=\"article-inner test\">\n                        <p class=\"date\">16 Jun 2026<\/p>\n                        <!-- <h5><a href=\"https:\/\/www.boardroomlimited.com\/hk\/individual-tax-filing-2025-26-key-compliance-points-and-reminders\/\">Individual Tax Filing \u2013 2025\/26 K [&hellip;]<\/a><\/h5> -->\n                        <h5><a href=\"https:\/\/www.boardroomlimited.com\/hk\/individual-tax-filing-2025-26-key-compliance-points-and-reminders\/\">Individual Tax Filing \u2013 2025\/26 Key Compliance Points and Reminders<\/a><\/h5>\n                        <p>The bulk issue of the 2025\/26 Individual Tax Returns took place on 4 May 2026. Individuals should be aware of their &hellip;<\/p>\n                        <a href=\"https:\/\/www.boardroomlimited.com\/hk\/individual-tax-filing-2025-26-key-compliance-points-and-reminders\/\" class=\"common-btn\">READ MORE<\/a>\n                    <\/div>\n                <\/li>\n                    <\/ul>\n        [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;fadeInLeft&#8221; el_class=&#8221;business-insights-content&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_column_text]Delivered by the Financial Secretary, Mr Paul Chan, the Hong Kong 2022-23 Budget was announced on 23 February 2022. The expansionary budget was curated to provide immediate Covid-19 support to its people and businesses and to achieve future economic growth as the country battles with its fifth wave of COVID-19 outbreak. Some [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[43,3,48],"tags":[],"class_list":["post-6250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-business-insights","category-tax"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hong Kong 2022-23 Budget | BoardRoom Hong Kong<\/title>\n<meta name=\"description\" content=\"Hong Kong budget focus on investing in infrastructure and promoting the development of industries in their bid to optimise strategies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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