2017 Policy Address
The Hong Kong Chief Executive has announced the 2017 Policy Address, outlining Government’s plans for the economy and proposals for any changes to taxation. Our subject-matter experts share their views on the key issues that matter most to you and your business, and how we can create value to fuel the economic growth.
New tax measures announced to support economic growth and diversification
HKSAR Government has announced new tax measures in the 2017 Policy Address, worth noting a two-tier profit tax system for small and medium sized enterprises (SMEs) and a super tax deduction for qualifying research and development expenditure.
We welcome the Government’s initiative of strategically utilising tax measures as a tool to support the growth of targeted sectors/industries and promote economic diversification in Hong Kong. Learn more about our views and how it impacts your business.
Guangdong-Hong Kong-Macau Bay Area project creates long-term opportunities for the nation
The National Development and Reform Commission (NDRC) and the governments of Guangdong province, Hong Kong and Macau have signed a framework agreement to step up their collaboration in the Bay Area. Corporates and individuals are eager to grasp the opportunities from this momentous regional economic collaboration, while local government's support is also an essential ingredient for success.
Aiming at boosting business connectivity and creating greater value for the region, our subject-matter experts have proposed enhancing tax policies through reliefs and incentives to encourage Hong Kong corporates and individuals to do business in the Bay Area.
Jeremy Choi, Tax Partner, PwC Hong Kong
Agnes Wong, Tax Partner, PwC Hong Kong
Our recommendations to the Government on intelligent transport system for the Smart City project
Possible steps and actions to take to ensure Hong Kong’s MPF system remains fit-for-purpose into the future
The next Hong Kong Budget will be delivered by the Financial Secretary on 28 February 2018.