Hong Kong Publishes Legislation on Three Tax Concession Measures

The Hong Kong Inland Revenue Department has announced the publication of Inland Revenue (Amendment) (No. 5) Bill 2018 on three tax concession measures included as part of the 2018-19 Budget:

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The Inland Revenue (Amendment) (No. 5) Bill 2018 (Amendment Bill) will be gazetted on June 8. It seeks to implement three tax concession measures as proposed in the 2018-19 Budget:

(a) to allow husband and wife the option of electing for personal assessment (PA) separately;

(b) to allow enterpris…