Guiding you forward.
The HK 2022-23 Budget
Preserve the Vitality of the Economy, Relieve People’s Burden, and Support Enterprises
Preserve the Vitality of the Economy, Relieve People’s Burden, and Support Enterprises
Some HK 2022-23 Budget takeaways that might be useful to you:
- Salaries tax and tax under personal assessment for the year of assessment 2021/22 would reduce to as much as 100 percent, subject to a ceiling of $10,000
- The loan ceiling per enterprise of the Special 100% Loan Guarantee under the SME Financing Guarantee Scheme (SFGS) would increase to $9M, and the maximum repayment period would extend to 10 years
- Business registration fees would be waived for 2022-23
- The pandemic-relief personal loan guarantee scheme would extend through April 2023, with its maximum amount guaranteed per person would increases to nine times the applicant’s monthly income, with the overall cap raised to $100,000
Earn yourself a stress-free tax season with
BRIDGES all-round tax service packages
BRIDGES all-round tax service packages
More than filing your tax and calling it good, our well-thought-out tax services cover:
- HK Tax Clearance (for taxpayer who is leaving HK)
- Certificate of Resident Status (for those who live in HK and fulfilled the eligibility requirements to enjoy the attractive tax rates)
- Offshore Profits Claim (with detailed tax review and computation)
