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Hong Kong Touts Tax Perks In Shanghai

by Mary Swire, Tax-News.com, Hong Kong

19 December 2017


Invest Hong Kong, Hong Kong's inward investment agency, has encouraged Mainland Chinese companies to make use of new tax incentives in Hong Kong.

The Hong Kong Special Administrative Region Government recently announced new tax measures to benefit small and medium-sized enterprises, with the profits tax rate for the first USD2m in profits to be halved to 8.25 percent.

At a seminar held by Invest Hong Kong on December 19, Director-General of Investment Promotion Stephen Phillips said Hong Kong's unique advantages under "one country, two systems," together with the city's geographical location and robust legal system, could benefit Shanghai businesses.

He suggested that Hong Kong should serve as a springboard for Mainland companies seeking to go global.

TAGS: tax | investment | business | tax incentives | Hong Kong | Investment | Invest | Investment

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