Bigger tax breaks will be given to young Hongkongers who join a medical insurance scheme recognised by the city’s health authority under a new plan to be announced early next year, the Post has learned.
While the government will not change the current tax base of two million taxpayers, the Food and Health Bureau and the Treasury are working on details of how the Inland Revenue Ordinance can be amended to allow additional tax deductions.
The change, to be presented to the Legislative...
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