25 February 2016 Hong Kong releases 2016/17 Budget Hong Kong released its 2016/17 budget (Budget) on February 24. The Budget includes but is not limited to a proposal to: (i) expand tax deductions for certain intellectual property (IP); (ii) examine the use of tax concessions on aircraft leasing industry; and (iii) other innovation and technology initiatives. A Tax Alert prepared by Ernst & Young's Hong Kong Tax Desk in New York, and attached below, provides additional details. Document ID: 2016-0384 |