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On 21 March 2019, the Chinese authorities issued a suite of tax circulars which set out ground breaking Value-Added Tax rules to materialize the decision made by the State Council to re-energize the Chinese economy.
The Financial Secretary, Mr. Paul Chan, delivered the 2019-20 budget speech at the Legislative Council today (27 February 2019). Our Budget insights and Tax facts summarize the key proposals contained in the budget and our views thereof.