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Hong Kong: Draft legislation to enhance tax concessions for maritime service industry, introduce new tax concession for physical commodity trading

Proposed to be retroactive to YOA 2025/2026

June 16, 2026

The Inland Revenue (Amendment) (Tax Concessions for Shipping-related Activities and Physical Commodity Trading) Bill 2026, which was published in the gazette on June 12, 2026, would (1) enhance tax concessions for the maritime service industry, and (2) introduce a half-rate tax concession for physical commodity trading in Hong Kong.

The tax concessions are proposed to take effect retroactively from the year of assessment (YOA) 2025/2026.

Read a June 2026 report prepared by the KPMG member firm in Hong Kong

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