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HKSAR announced enhanced measures to support enterprises and individuals

On 15 August 2019, the Financial Secretary for the Hong Kong Special Administrative Region (HKSAR), Mr. Paul Chan Mo-po, announced a list of special relief measures in addition to those proposed in the 2019-20 Budget in February. The newly added measures include increasing the reduction for 2018/19 profits tax, salaries tax and tax under personal assessment from 75% to 100% while retaining the ceiling of HK$20,000.

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THE VARIABLE CAPITAL COMPANY (VCC) IN SINGAPORE

In further effort to augment the Fund Industry in Singapore, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Compan