Hong Kong Proposes Tax Measures Under 2026-27 Budget Speech

The Hong Kong Government Feb. 25 announced proposed tax measures under the 2026-27 budget speech. The speech includes measures to: 1) reduce taxes on profits, salaries, and individual income by 100 percent for the 2026-27 assessment year, capped at HK$3,000 (US$383); 2) set concession rates for domestic and non-domestic properties for Q1 and Q2 2025-26, of up to HK$500 (US$64) per quarter for each property; 3) expand stamp duty relief for intra-group asset transfers executed on or after Feb. 25; 4) increase stamp duty rates, to 6.5 percent, from 4.25 percent, for residential property transactions valued above HK$100 million (US$12.8 ...