2015-16 Budget – Tax Measures

budget 2015
In his 2015-16 Budget, the Financial Secretary proposed a number of tax measures, all of which require legislative amendments before implementation. Reducing profits tax, salaries tax and tax under personal assessment for the year of assessment 2014/15 Increasing child allowances Providing tax concessions to corporate treasury centres Profits tax exemption for private equity funds   Highlights of the measures and implementation details are set out in the following paragraphs...