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Hong Kong: Tax relief measures, response to coronavirus (COVID-19)

Hong Kong: Tax relief measures, response to coronavirus

The Hong Kong government has announced a series of measures in response to the coronavirus (COVID-19) pandemic.

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Some of the tax relief measures include:

  • A reduction of 2019-20 profits tax payable by 100%, subject to a ceiling of HKD 20,000.
  • A reduction of the 2019-20 salaries tax and tax under personal assessment by 100%, subject to a ceiling of $20,000.
  • Waiver of the surcharge for up to one year on tax payments deferred under an approved instalment plan. The waiver is applicable for the 2018-19 year of assessment, and covers profits tax, salaries tax, and personal assessment. Taxpayers in need would be able to apply for an instalment payment plan before the due date of the respective tax payments.
  • When the government announced work-from-home requirements for the public service, tax deadlines—including tax return filing, tax payment and responding to enquiries—have generally been deferred until the tax authority reopens.


For more information, contact KPMG’s Global Head of International Tax:

Rodney Lawrence | +1 (312) 665 5137 | rlawrence@kpmg.com

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