Inland Revenue (Amendment) (No.3) Ordinance 2018 was gazetted on 29 March 2018 which introduces the two-tier profits tax regime in Hong Kong.

The new two-tiers profits tax regime, applies to both corporations and unincorporated businesses, will be effective from the year of assessment 2018/19. The  summary and the gazette can be downloaded from the below links.

For details, please refer to the below Summary and the full text of the Companies Inland Revenue (Amendment) (No.3) Ordinance 2018.

Summary of the Two-tier Profits Tax Regime

Inland Revenue (Amendment) (No.3) Ordinance 2018