{"id":7324,"date":"2024-03-06T10:02:57","date_gmt":"2024-03-06T02:02:57","guid":{"rendered":"https:\/\/www.boardroomlimited.com\/hk\/?p=7324"},"modified":"2024-10-09T14:03:12","modified_gmt":"2024-10-09T06:03:12","slug":"hong-kong-budget-2024-2025","status":"publish","type":"post","link":"https:\/\/stg.boardroomlimited.com\/hk\/hong-kong-budget-2024-2025\/","title":{"rendered":"Hong Kong Budget 2024-25 : Attracting Enterprises, Capital and Talent"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;fadeInLeft&#8221; el_class=&#8221;business-insights-content&#8221; el_id=&#8221;download&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_column_text el_class=&#8221;m-b-50&#8243;]On 28 February 2024, Hong Kong\u2019s Financial Secretary, Mr. Paul Chan presented the 2024-25 Budget, themed &#8216;Advance with Confidence, Seize Opportunities, Strive for High-quality Development&#8217;.<\/p>\n<p>Hong Kong faced unexpected challenges during the fiscal year 2023-24, resulting in slower economic growth and a larger fiscal deficit than anticipated. To address these issues, the 2024-25 Budget adopted a fiscal consolidation strategy and outlined a comprehensive plan aimed at stimulating economic growth and enhancing competitiveness.<\/p>\n<p>Our exclusive commentary on the Hong Kong Budget 2024-25 offers insights into the key tax proposals announced, which will impact businesses and individuals.<\/p>\n<ul>\n<li>Global Tax Initiative<\/li>\n<li>Profits Tax Relief<\/li>\n<li>Tax Incentives<\/li>\n<li>Other Key Measures and Proposals<\/li>\n<li>Other Duties and Charges<\/li>\n<\/ul>\n<p>Download our commentary now to understand how you can navigate these changes with confidence.<\/p>\n<p>Our tax team will be conducting a webinar at 11am-12pm on 14 March, guiding you through some of these key changes. Click <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/3017095493797\/WN_Aqw26qdKRq6nD66BTzTdcA\" target=\"_blank\" rel=\"noopener\">here<\/a> to register for your complimentary seat.[\/vc_column_text][vc_btn title=&#8221;Download Hong Kong Budget 2024-25 Commentary&#8221; style=&#8221;custom&#8221; custom_background=&#8221;&#8221; custom_text=&#8221;&#8221; shape=&#8221;square&#8221; align=&#8221;center&#8221; custom_onclick=&#8221;true&#8221; el_class=&#8221;common-btn&#8221; link=&#8221;url:https%3A%2F%2Fmarketing.boardroomlimited.com%2Fl%2F846413%2F2024-03-05%2Fq28l4p%2F846413%2F1709657550adffyHrd%2FHong_Kong_Budget_2024_25_Commentary_EN_FINAL.pdf|title:Download%20Hong%20Kong%20Budget%202024-25%20Commentary|target:_blank&#8221; custom_onclick_code=&#8221;_gaq.push(`{`\u2018_trackEvent\u2019,\u2019Download\u2019,\u2019PDF\u2019,this.href`}`);&#8221;][vc_column_text el_class=&#8221;m-b-50 m-t-60&#8243;]If you have any questions about maximising your tax position with this latest announcement, please email our tax team at <a href=\"mailto:info.hk@boardroomlimited.com\">info.hk@boardroomlimited.com<\/a>.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner disable_element=&#8221;yes&#8221; el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_btn title=&#8221;Download Singapore Budget 2024 Commentary&#8221; style=&#8221;custom&#8221; custom_background=&#8221;&#8221; custom_text=&#8221;&#8221; shape=&#8221;square&#8221; align=&#8221;center&#8221; custom_onclick=&#8221;true&#8221; el_class=&#8221;common-btn&#8221; link=&#8221;title:Download%20Singapore%20Budget%202024%20Commentary|target:_blank&#8221; custom_onclick_code=&#8221;_gaq.push(`{`\u2018_trackEvent\u2019,\u2019Download\u2019,\u2019PDF\u2019,this.href`}`);&#8221;][vc_custom_heading text=&#8221;Corporate Income Tax&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;9250&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Logistics&#8221; css=&#8221;.vc_custom_1676883125520{padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner disable_element=&#8221;yes&#8221; el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Philanthropy tax incentive scheme for family offices&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;9243&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Logistics&#8221; css=&#8221;.vc_custom_1676881458983{padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner disable_element=&#8221;yes&#8221; el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Increase in Buyer\u2019s Stamp Duty rates&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;9241&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Logistics&#8221; css=&#8221;.vc_custom_1676881499001{padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner disable_element=&#8221;yes&#8221; el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Enhancements to the Progressive Wage Credit Scheme (\u201cPWCS\u201d)&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;9240&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Logistics&#8221; css=&#8221;.vc_custom_1676881483319{padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner disable_element=&#8221;yes&#8221; el_class=&#8221;m-t-50&#8243;][vc_column_inner][vc_custom_heading text=&#8221;Property Tax&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;m-b-20&#8243;][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; border_width=&#8221;3&#8243; el_width=&#8221;10&#8243; accent_color=&#8221;#4f9e45&#8243; el_class=&#8221;m-b-20&#8243;][vc_single_image image=&#8221;7967&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; alt=&#8221;AGM Logistics&#8221; css=&#8221;.vc_custom_1646636667176{padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;}&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;none&#8221; disable_element=&#8221;yes&#8221; bg_type=&#8221;bg_color&#8221; el_class=&#8221;seperator-container common-spacing business-insights-content&#8221; el_id=&#8221;download&#8221; css=&#8221;.vc_custom_1709172751611{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;background-color: #f9f9f9 !important;}&#8221; bg_color_value=&#8221;#ffffff&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_btn title=&#8221;Download Singapore Budget 2024 Commentary&#8221; style=&#8221;custom&#8221; custom_background=&#8221;&#8221; custom_text=&#8221;&#8221; shape=&#8221;square&#8221; align=&#8221;center&#8221; custom_onclick=&#8221;true&#8221; el_class=&#8221;common-btn&#8221; link=&#8221;url:https%3A%2F%2Fmarketing.boardroomlimited.com%2Fl%2F846413%2F2024-02-28%2Fq26qml%2F846413%2F1709114295NDaPIFnw%2FBoardRoom_Singapore_Budget_2024_Commentary_FINAL.pdf|title:Download%20Singapore%20Budget%202024%20Commentary|target:_blank&#8221; custom_onclick_code=&#8221;_gaq.push(`{`\u2018_trackEvent\u2019,\u2019Download\u2019,\u2019PDF\u2019,this.href`}`);&#8221;][vc_column_text el_class=&#8221;m-b-50&#8243;]Should you have any questions on how to maximise your tax position with this latest announcement, please email our tax team at <a href=\"mailto:info.sg@boardroomlimited.com\">info.sg@boardroomlimited.com<\/a>.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; css_animation=&#8221;none&#8221; el_class=&#8221;seperator-container common-spacing&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_separator color=&#8221;custom&#8221; border_width=&#8221;2&#8243; accent_color=&#8221;#e9e6ee&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;none&#8221;][vc_column][vc_row_inner][vc_column_inner][vc_custom_heading text=&#8221;Related Business Insights&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=&#8221;common-top-spacing business-insights-container&#8221;][vc_column_inner][vc_column_text]        <ul class=\"business-insights list-inline\">\n                            <li>\n                    <a href=\"https:\/\/stg.boardroomlimited.com\/hk\/hong-kong-2026-27-budget-key-tax-changes-to-look-out-for\/\" class=\"post-image\">\n                        <img decoding=\"async\" src=\"https:\/\/stg.boardroomlimited.com\/hk\/wp-content\/uploads\/sites\/3\/2026\/03\/Hong-Kong-2026-27-Budget-Key-Tax-Changes-to-Look-Out-For-1.png\" alt=\"\" loading=\"lazy\" \/>\n                    <\/a>\n                    <div class=\"article-inner test\">\n                        <p class=\"date\">11 Mar 2026<\/p>\n                        <!-- <h5><a href=\"https:\/\/stg.boardroomlimited.com\/hk\/hong-kong-2026-27-budget-key-tax-changes-to-look-out-for\/\">Hong Kong 2026-27 Budget: Key Tax C [&hellip;]<\/a><\/h5> -->\n                        <h5><a href=\"https:\/\/stg.boardroomlimited.com\/hk\/hong-kong-2026-27-budget-key-tax-changes-to-look-out-for\/\">Hong Kong 2026-27 Budget: Key Tax Changes to Look Out For<\/a><\/h5>\n                        <p>Want to understand the tax changes that matter most? 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