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Hong Kong to woo finance and tech firms with new tax breaks

Hong Kong to woo finance and tech firms with new tax breaks
Key Points

Hong Kong will introduce various tax incentives for new finance and technology industries to attract businesses and reinforce the city’s role as a leading financial hub, the city leader has announced in his policy address. Tax concessions to draw intellectual property (IP) businesses and selected industries to the city were among the new measures Chief Executive John Lee Ka-chiu announced on Wednesday, while the halving of the profits tax rate for gold traders would be sped up.

Hong Kong will introduce various tax incentives for new finance and technology industries to attract businesses and reinforce the city’s role as a leading financial hub, the city leader has announced in his policy address. Tax concessions to draw intellectual property (IP) businesses and selected industries to the city were among the new measures Chief Executive John Lee Ka-chiu announced on Wednesday, while the halving of the profits tax rate for gold traders would be sped up. To speed up the... [Image text:] F PAA KAISER KILO FINECOLC ISER Heraeus 1KILO KA GOL 1KILO FINE GOLD FINE GOLD 999.9 999.9
Hong Kong (LOCATION) IP (ORG) John Lee Ka-chiu (PERSON)
Originally published by South China Morning Post Read original →