March 1, 2022
Hong Kong 2022 - 23 Budget Proposal discussed
On February 23, the Financial Secretary of the Hong Kong Special Administrative Region delivered the Budget Proposal for the Hong Kong tax year beginning April 1, 2022 (2022 - 23). The proposals in this budget are aimed at relieving financial hardship and for the first time have introduced a new deduction for domestic rental expenses.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert