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March 1, 2022
Hong Kong’s 2022/23 Budget Proposal introduces new deduction for domestic rental expenses
On 23 February 2022, the Financial Secretary of the Hong Kong Special Administrative Region delivered the Budget Proposal for the Hong Kong tax year beginning 1 April 2022 (2022/23).
The proposals in this budget are aimed at relieving financial hardship and for the first time has introduced a new deduction for domestic rental expenses.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert