The Chamber welcomes and supports the Government’s introduction of a bill on 14 November 2018 to implement a charging scheme for the purpose of reducing municipal solid waste. As an advocate of the polluter-pays principle, we believe that such a charging scheme would contribute to the reduction of waste at source and in promoting a greener lifestyle.

The PRC Ministry of Finance and the PRC State Administration of Taxation jointly released the Consultation Draft on the Detailed Implementation Rules of the PRC Individual Income Tax Law and the Provisional Implementation Measures of the Additional Itemized Deductible Items for public comment on 20 October, 2018. The four major local chambers jointly submitted a letter to the Ministries of Finance and State Administration of Taxation on 14 November to reflect Hong Kong businesses’ concerns and suggestions.

The Chamber supports the Government’s efforts to implement anti-tax avoidance measures for plugging the loopholes of misusing or abusing Hong Kong to obtain ORSO exemption. We also call for a proper regulatory assessment in certain areas to ensure Hong Kong’s competitiveness would not be undermined, in particular an absolute ban on new exemption applications under ORSO.