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.

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ATTACHMENT

Document ID: 2016-0384