The year in review: Swift relief measures, improved regulatory framework and refined tax system safeguard the sustainable economic development of Hong Kong.
The year 2020 has been a year like no other – the fallout from the pandemic affected the economy extensively. In response to this unprecedented situation, the HKSAR government has reacted promptly to implement various reliefs and measures helping businesses to navigate through this tumultuous time. Further, Hong Kong’s regulatory environment and tax system have been further refined with a view to diversifying and revitalising the economy.
The Hong Kong tax review 2020 summarises the significant tax updates last year and previews the upcoming tax developments in the year 2021.