Hong Kong Plans Tax Breaks For Innovative Firms
by Mary Swire, Tax-News.com, Hong Kong
21 August 2017
Hong Kong Chief Executive Carrie Lam is set to announce new tax incentives to boost the innovation and technology sector in her October Policy Address.
The news was announced by Secretary for Innovation and Technology Nicholas Yang, and confirmed in a government statement.
In addition, Hong Kong will launch a new Innovation and Technology Venture Fund, which is expected to launch in September 2017. "Right now, we are just finalizing some of the legal details because it turns out that we need to sign a lot of legal documents with the venture capitalists and also the so-called investees (the people who will receive the funding)," said Yang. "We need to make sure the agreement is done in a robust manner."
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- complex tax rules and capricious tax inspectors »
- stockpiling paper »
- Hong Kong Business and Work Culture: All you need to know »
- prospects looking rosy »
- The Diamond Industry in UAE »
- Brexit Ramifications For Ireland »
- Easy guide to starting a home-based business in Ohio »
- unintended consequences »
- Basic Guide to Set up a Home Based Business in Hong Kong »
- Life's never simple »