www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Profits tax stimuli to make Hong Kong more competitive

Updated: 2017-10-12 07:39

By Oswald Chan in Hong Kong(HK Edition)

  Print Mail Large Medium  Small 分享按鈕 0

Hong Kong businesses, particularly small and medium-sized enterprises (SMEs), received a big boost on Wednesday with the government set to implement two taxation policy changes in a bid to raise Hong Kong's competitiveness.

Unveiling the measures in her maiden Policy Address, Chief Executive Carrie Lam Cheng Yuet-ngor said that in order to sustain the favorable trends for the local economy, diversifying our economy is the only solution.

"The current term government is determined to boost the development of emerging industries in addition to our traditional industries, and considers that both innovation and technology (I&T) and the creative industries have a competitive edge and much potential.

"They will not only bolster economic growth, but also create quality employment opportunities for our young people," she said.

Under the two-tier profits tax plan, the profits tax rate for enterprises' first HK$2 million in profits will be lowered to 8.25 percent, or half of the standard profits tax rate, instead of the 10 percent proposed in Lam's election manifesto. Profits exceeding that amount will continue to be taxed at 16.5 percent.

To ensure that the tax benefits target SMEs, the government will introduce restrictions to ensure that each group of enterprises may nominate only one company to gain from the lower taxes.

Profits tax stimuli to make Hong Kong more competitive

A government source said the proposed two-tiered profits tax structure will help more than 130,000 local enterprises, slashing HK$5.8 billion in tax receipts from the government coffers. "The proposed profits tax rate change is aimed at helping local SMEs and startups trim business costs effectively. It's a good policy moving in the right direction," said Curtis Ng, vice-chairman of the taxation faculty executive committee at the Hong Kong Institute of Certified Public Accountants.

Ivan Au, Greater China divisional president at CPA Australia, said: "The proposed tax reform should also fortify Hong Kong's 'super-connector' role by luring investors from the Greater Bay Area and the Belt and Road Initiative to come to Hong Kong. We urge the government to expand overseas publicity on the tax reform package to attract more overseas direct investment to Hong Kong from global startups."

To foster research and development (R&D) expenditure in Hong Kong, another taxation policy change is that the first HK$2 million eligible R&D expenditure by private firms will enjoy a 300-percent tax cut with the remainder expenditure subject to a 200-percent tax deduction.

The government hopes that the relevant legislation could be passed next year.

In her Policy Address, Lam set a goal to double R&D expenditure as a percentage of the city's gross domestic product (GDP) - from the current 0.73 percent to 1.5 percent - during her administration's first fiveyear term.

The government hopes that private R&D investment could account for 55 percent of the total in the next five years - up from the current 45-percent ratio.

A government source expects the tax-cut proposals to double government spending on technology and innovation by HK$45 billion annually.

oswald@chinadailyhk.com

(HK Edition 10/12/2017 page6)

主站蜘蛛池模板: 欧美在线精品一区二区三区 | 精品国产一区二区三区免费 | 日韩欧美视频一区二区三区 | 欧美有码在线观看 | 亚洲精品天堂一区在线观看 | 成人国产精品一级毛片了 | 亚洲成av人片在线观看 | 男女扒开双腿猛进入免费网站 | 亚洲伊人色综合网站亚洲伊人 | 成人性视频免费网站 | 免费aⅴ在线| xx毛片| 欧美大片一区二区三区 | 亚洲欧美日韩国产精品影院 | 国产亚洲精品国产 | 免费一级欧美大片久久网 | 国产在线精品福利一区二区三区 | 99久久精品免费观看区一 | 一本久久精品一区二区 | 亚洲国产日韩成人综合天堂 | 日韩美女爱爱 | 成人毛片免费观看视频大全 | 在线成人97观看 | 欧美日韩在线视频不卡一区二区三区 | 在线精品播放 | 国产精品高清全国免费观看 | 大片国产片日本观看免费视频 | 国产在线一区在线视频 | 久久综合狠狠综合狠狠 | 国产专区一va亚洲v天堂 | 精品日韩一区二区三区 | 久草资源网 | 亚洲撸| 亚洲午夜精品久久久久久抢 | 亚洲欧美成人 | 亚洲成a人片在线观看中文 亚洲成a人片在线观看中文!!! | 亚洲在成人网在线看 | 久久精品一区二区免费看 | 成人国产三级精品 | 中文字幕高清在线天堂网 | 久久两性视频 |