Regulations
Copyright (Amendment) Bill 2022 gazetted
The intellectual property (IP) regime has all along been very important to Hong Kong as an international trade centre. Updating Hong Kong's copyright regime and strengthening copyright protection in the digital environment are important parts of the strategy to develop Hong Kong into a regional IP trading centre under the National 14th Five-Year Plan. Hong Kong's IP regime must keep abreast with the times and international norms, as well as meet its social and economic needs. A spokesman for the Commerce and Economic Development Bureau said, "The Copyright (Amendment) Bill 2022 (the Bill) was gazetted today (May 27). The copyright system is an important part of the IP...
DetailsReducing profits tax, salaries tax and tax under personal assessment for the year of assessment 2021/22
The Financial Secretary proposed a one-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2021/22 by 100%, subject to a ceiling of $10,000 per case. The relevant legislation for the tax reduction was passed by the Legislative Council and gazetted on 14 April 2022. For profits tax, the ceiling of the tax reduction is applied to each business. For salaries tax, the ceiling is applied to each individual taxpayer; but for married couples jointly assessed, the ceiling is applied to each married couple (i.e. capped at $10,000 in total). For personal assessment, the ceiling is applied to each single taxpayer or married person who elects for...
DetailsCompanies Registry New Inspection Regime
The Companies Ordinance (Cap. 622) (“CO”) provided for a new inspection regime for personal information on the Companies Register (“the Register”) maintained by the Companies Registry (“the Registry”).The Register maintained by the Registry contains personal information available for public inspection. Such personal information includes, among other data, the usual residential addresses (“URAs”) and full identification numbers (“IDNs”) of directors of companies, and full IDNs of company secretaries and some other individuals (such as liquidators and provisional liquidators). Similar personal information is also contained in the...
Details