Jeremy Choi, Tax Partner, PwC Hong Kong
As in some previous budgets, there has been a temporary reduction in salaries tax and property rates have been waived for four quarters. In addition, the tax reduction period for home loan interest has been extended from 15 to 20 years. The latter measure could be seen as encouraging a housing market which is already quite buoyant enough, or as enhancing the income of people who are into the later stages of paying down their mortgage debt. Arguably the salaries tax reduction is the more direct way to return cash to taxpayers, particularly the younger, less well-off ones who still aspire to be home owners.
Agnes Wong, Tax Partner, PwC Hong Kong
Henri Arslanian, FinTech & RegTech Lead, PwC China and Hong Kong
Huw Andrews, Consulting Partner, PwC Hong Kong
Stephen Woolley, Consulting Partner, PwC Hong Kong
KK So, Tax Partner, PwC Hong Kong
Agnes Wong, Tax Partner, PwC Hong Kong
Wayne KH Yim
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