Hong Kong Budget 2026: Economic Forecast and Tax Cuts Announced
Hong Kong's Financial Secretary Paul Chan delivered the annual budget speech, raising the economic growth forecast for the year and announcing tax cuts for taxpayers and businesses, signaling an end to deficits.
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Hong Kong budget sweeteners for residents and businesses climb to HK$22 billion
Hong Kong authorities will offer sweeteners of about HK$22 billion (US$2.8 billion) to residents and businesses, up from HK$7.8 billion last year, as public coffers are set to pivot from a deficit to a surplus. Financial Secretary Paul Chan Mo-po on Wednesday announced a raft of tax concessions and allowances in his annual budget, almost three times what was offered last year. “Hong Kong’s economy shows steady and stable progress, but there are still imbalances and insufficiencies during...
By Edith Lin
Read full article →Budget 2026: Hong Kong taxpayers, businesses to get maximum HK$3,000 salaries, profits tax cuts
Hong Kong residents will receive a maximum HK$3,000 reduction in salaries tax for the 2025-26 assessment year – double the previous cut – finance chief Paul Chan has said during his annual budget speech. In addition, businesses will get up to HK$3,000 profits tax reduction in 2025-26, Chan also said on Wednesday. Both salaries and […]
By Hans Tse
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