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)