Policy Address 2017: The Two-Tiered profits tax system- 8.25% tax rate on the first $2million of profit (2017-10-11)

2017-10-11

Provide tax relief to small and medium-sized enterprises:  a two-tiered profits tax system that would lower the profits tax rate to 8.25 per cent – half the current standard rate – on the first $2 million of profit, and standard tax rate at 16.5% for profits exceeding that amount. Only one enterprise nominated by each business group is eligible for the lower tax rate.

(Source : HKSAR-Information Services Department)