Hong Kong Reduces Interest on Tax Reserve Certificates

The Hong Kong Inland Revenue Department has announced a reduction in the annual rate of interest payable on Tax Reserve Certificates from a rate of 0.2583% to a rate of 0.2417% with effect from 5 January 2026. Tax Reserve Certificates bear simple interest, which is calculated monthly (including part of a month) from the date of purchase to the date of payment of tax. Interest is only credited when certificates are used to pay tax, and no interest is due where the principal value of a certifi…