2017年-数据局_毕马威：2017-2018香港预算毕马威中国调查結果及建议_4页_555kb

报告摘要

2017-2018 Hong Kong Budget Summary

Core Content

The 2017-2018 Hong Kong Budget was analyzed through a survey conducted by KPMG China in December 2016 and January 2017, involving over 200 senior business executives. The survey aimed to gather insights on business concerns and expectations for the upcoming budget, with a focus on enhancing Hong Kong's competitiveness as an international business hub, improving the standard of living, and supporting an aging population and technological innovation.

Key Survey Findings

54% of respondents believe that the top priority for the budget should be to strengthen Hong Kong's position as an international business centre.
54% suggest adjusting the Salaries Tax bands and/or rates for individuals to target the middle class.
34% support tax deductions for medical insurance expenses.
Over 90% of respondents believe that Hong Kong's current tax system is competitive, but there is division on its future competitiveness, with 49% expecting it to remain competitive and 45% holding an opposing view.

KPMG Proposals

Increase Competitiveness

Implement tax incentives for regional headquarters and extend tax exemption to onshore funds.

R&D Support

Provide a super deduction for R&D spending, aligning with overseas practices (deductions range from 150% to 400%).
Introduce accelerated depreciation allowances for capital expenditure on buildings and structures in the Hong Kong/Shenzhen Innovation & Technology Park.
Expand the scope of deductible IP-related capital expenditure.

Improve Standard of Living

Waive Stamp Duty for Hong Kong permanent residents purchasing their first residential property with consideration at or below HKD 5 million for their own use.
Provide subsidies for health checks for middle-aged residents (aged 40–65) up to HKD 1,000.
Allow tax deductions for voluntary health insurance premiums, capped at HKD 20,000 per household per year.
Adjust Salaries Tax rate bands and allowances with indexation to better reflect living costs.

Support Ageing Population

Allow a super deduction for businesses employing older workers (aged 65 or above), capped at HKD 180,000 per year per aged worker.
Provide tax deductions for voluntary MPF contributions made for oneself and a non-working spouse.

Additional Key Points

The survey highlights that businesses and residents are concerned about the long-term competitiveness of Hong Kong’s tax system in light of lower tax rates in other Asian jurisdictions.
KPMG recommends that the HKSAR Government adopt competitiveness as the new value proposition for Hong Kong’s tax system.
A Tax Policy Unit with full-time specialists should be established to research, recommend, and monitor tax policies.

Conclusion

The proposals aim to strengthen Hong Kong’s economic position, enhance the standard of living, and support demographic and technological challenges. They emphasize the need for tax policy reform to ensure sustainability and attractiveness for both residents and businesses in the long term.

Contact Information

For further inquiries, contact the following KPMG tax professionals:

Khoon Ming Ho - Head of Tax, Asia Pacific / KPMG China
+86 10 8508 7082 | khoonming.ho@kpmg.com
Ayesha M. Lau - Head of Tax, Hong Kong
+852 2826 7165 | ayeshalau@kpmg.com
Chris Abbiss - Head of Real Estate Tax, KPMG China
+852 2826 7226 | chris.abbiss@kpmg.com
Darren Bowdern - Head of Financial Services Tax, KPMG China
+852 2143 8766 | darren.bowdern@kpmg.com
Stanley Ho - Principal, KPMG China
+852 2826 7296 | stanley ho@kpmg.com
Charles Kinsley - Principal, KPMG China
+852 2143 8070 | charles.kinsley@kpmg.com
Jocelyn Lam - Principal, KPMG China
+852 2685 7605 | jocelyn.lam@kpmg.com
Alice Leung - Partner, KPMG China
+852 2143 8711 | alice.leung@kpmg.com
Curtis Ng - Partner, KPMG China
+852 2143 8709 | curtis.ng@kpmg.com
John Timpany - Partner, KPMG China
+852 2143 8790 | john.timpany@kpmg.com
Matthew Fenwick - Director, KPMG China
+852 2143 8761 | matthew.fenwick@kpmg.com
Sandy Fung - Director, KPMG China
+852 2143 8821 | sandy.fung@kpmg.com
Michael Olesnicky - Special Advisor, KPMG China
+852 2913 2980 | michael.olesnicky@kpmg.com
Karmen Yeung - Partner, China Tax
+852 2143 8753 | karmen.yeung@kpmg.com
Daniel Hui - Principal, KPMG China
+852 2685 7815 | daniel.hui@kpmg.com
Adam Zhong - Principal, KPMG China
+852 2685 7559 | adam.zhong@kpmg.com
Travis Lee - Director, KPMG China
+852 2143 8524 | travis.lee@kpmg.com
Steve Man - Director, KPMG China
+852 2978 8976 | steve.man@kpmg.com
Wade Wagatsuma - Head of US Corporate Tax, KPMG China
+852 2685 7806 | wade.wagatsuma@kpmg.com
Barbara Forrest - Principal, KPMG China
+852 2978 8941 | barbara.forrest@kpmg.com
Murray Sarelius - Principal, Global Mobility Services
+852 3927 5671 | murray.sarelius@kpmg.com
David Siew - Principal, KPMG China
+852 2143 8785 | david.siew@kpmg.com
Erica Chan - Director, KPMG China
+852 3927 5572 | erica.chan@kpmg.com
Kate Lai - Director, KPMG China
+852 2978 8942 | kate.lai@kpmg.com
Becky Wong - Director, KPMG China
+852 2978 8271 | becky.wong@kpmg.com
John Kondos - Seconded Partner, Transfer Pricing
+852 2685 7457 | john.kondos@kpmg.com
Lu Chen - Principal, KPMG China
+852 2143 8777 | lu.l.chen@kpmg.com
Irene Lee - Director, KPMG China
+852 2685 7372 | irene.lee@kpmg.com
Yvette Chan - Principal, M&A Tax
+852 2847 5108 | yvette.chan@kpmg.com
Benjamin Pong - Principal, KPMG China
+852 2143 8525 | benjamin.pong@kpmg.com
Malcolm Prebble - Principal, KPMG China
+852 2685 7472 | malcolm.j.prebble@kpmg.com
Lachlan Wolfers - Head of Indirect Tax, KPMG China
+852 2685 7791 | lachlan.wolfers@kpmg.com

Disclaimer

The information provided is of a general nature and is not intended to address the specific circumstances of any individual or entity. No guarantees are made regarding the accuracy or continued accuracy of the information. Professional advice should be sought before acting on any recommendations.

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