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Effective from 1 April 2019, the Business Registration Fee will be reduced from HK$2,250 to HK$250.
   
From 1 April 2019:
   
1) Incorporation fee:HK$4,080 Only
   
2) Renewal fee:HK$2,105 Only
   
Effective from 1 March 2018, all companies formed and registered under CO (Cap.622) is required to keep a Significant Controllers Regiser.
   
2018/19 Profit Tax Rate:
   
1) profits tax rate of first HK$2million assessable profits lower to 8.25%
   
2) assessable profits above HK$2million will be continue to be subject to the rate of 16.5%
   
2018/19 Tax Reduction:
   
1) 75% of the 2018/19 profits tax is waived subject to a ceiling of HK$20,000 per case.
   
2) 75% of the 2018/19 salaries tax is waived subject to a ceiling of HK$20,000 per case.
   
2018/19 Salaries Tax Allowances:
   
1) basic allowance : HK$132,000.
   
2) married person allowance : HK$264,000
   
3) dependant parent allowance : HK$50,000 (aged 60 or above); and HK$25,000 (aged 55 to 59)