Posted inHong Kong

Hong Kong Budget 2019: Tax cuts but fewer one-off sweeteners, as surplus set to drop to HK$16.8 billion

The Hong Kong government has announced one-off measures such as tax and rates reductions, as well as extra allowances for the elderly and poor. The annual budget issued by Financial Secretary Paul Chan on Wednesday stated that the revised surplus for the 2018-19 financial year stood at HK$58.7 billion – much smaller than the HK$148.9 […]