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Coronavirus: Tax exemption for Anti-epidemic Fund

The Inland Revenue Department (IRD) has announced on 27 May 2020 that The Exemption from Salaries Tax and Profits Tax (Anti-epidemic Fund) Order will be gazetted and takes effect on 29 May 2020 (subject to approval by Legislative Council on 3 June 2020), under which, tax exemption on Anti-epidemic Fund from the year of assessment 2019/20 will be given to both businesses and individuals.  Subsidy to employers and self-employed persons under the Employment Support Scheme will be covered by the tax exemption concession.

 

For details, please refer to the below links:

IRD Press release

https://www.ird.gov.hk/eng/ppr/archives/20052701.htm

Summary of tax treatment for two rounds of measures under the Anti-epidemic Fund

https://gia.info.gov.hk/general/202005/27/P2020052700379_342102_1_1590563908780.pdf