Lower tax slab for SMEs in Hong Kong to ignite investments

Hong Kong may allow lower tax rate for small and medium enterprises (SMEs) if the forthcoming election in March are any indications.
"For the first time in many years in Hong Kong, taxation for SMEs is an election agenda. Some candidates had called for a review of tax policy for SMEs or even indicating lowering the same," Invest Hong Kong associate director general Francis Ho told PTI.
He was in the city for a roadshow on growing business in Hong Kong in association with Bengal Chamber.
Hong Kong will elect it's chief executive in March and few candidates are vying for the post.

Currently, there is a flat tax of 16.5 per cent for all businesses in Hong Kong.
Asked how lower tax for SMEs impact India, Ho said, "India is among the top four markets for Hong Kong. While, for India Hong Kong it is third largest after USA and Europe. Lower tax will help grow attraction for Indian investors."
Ho does not expect that China will face any slowdown and seven per cent growth is quite good. He expects growth momentum for Hong Kong will also remain intact.