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Hong Kong publishes legislative bill to enhance tax concessions for the maritime services industry and introduce a half-rate tax regime for physical commodity traders
The bill was published on 12 June 2026 and is expected to be passed into law in the second half of 2026. Once enacted, these measures will apply retrospectively to transactions as early as 2 April 2024, i.e., any transactions that fall within the year of assessment 2025/26. The key provisions of the bill are outlined below. Clients who would like to know more about the bill or explore how they can benefit from the proposed tax measures can contact their tax executive.