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The Hong Kong SAR government is expected to administer the refined FSIE regime pragmatically with a view to maintaining Hong Kong as an effective investment holding platform. Taxpayers can obtain certainty and simplify the annual compliance process through the advance ruling mechanism.
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This year’s Budget position is a better than expected outcome. We look forward to seeing the government commit and act on new and existing initiatives for Financial Services, Innovation & Technology, ESG and other industries.
Charles Lee, South China (incl. Hong Kong SAR) Tax Leader, PwC China
To revitalise Hong Kong’s economy amid the Omicron outbreak, we believe the HK$10,000 consumption voucher scheme and a new injection of funding into the sixth round of Anti-epidemic Fund would create a stronger and more lasting boost to the local economy.
Agnes Wong, Tax Partner, PwC Hong Kong
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With this year’s Budget, Hong Kong is committed to support family office and maritime enterprises by the proposed tax concessions and half-tax concession. We hope the government could consider broader non-tax alternatives to attract greater foreign investment.
Kenneth Wong, Tax Partner, PwC Hong Kong