Hong Kong Budget 2014/2015

The Financial Secretary of the Hong Kong Special Administrative Region delivered the 2014/15 budget on 26th February 2014. Below are some of the proposed measures:

Financial Services

• Waving stamp duty on all trading of Exchange Traded Funds
• Issuing iBond amounting up to HK$10 billion
• Reviewing interest deduction requirement in the taxation of treasury activities under Inland Revenue Ordinances

Business and Professional Services

• Co-operating with Guangdong Province for development of liberalisation of trade in services between Guangdong and Hong Kong

Small and Medium Enterprises ("SME")

• Extending application period for special concessionary measures under SME Financing Guarantee Scheme for one year
• Reducing 75% of profits tax for 2013/14, limited to $10,000

Relief Measures

• Increasing dependent parent or grandparent allowance
• Reducing 75% of salaries tax and tax under personal assessment for 2013/14, up to $10,000
• Waiving rates for the first two quarters for 2014/15, limited to $1,500 per quarter

For more details, may visit http://www.budget.gov.hk/2014/index.html

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