Global Daily Tax News, Hong Kong's New Tax Competitiveness Panel Begins Work, (Jul 6, 2026)

Hong Kong's newly formed Advisory Committee on Tax Policy (ACTP) has held its inaugural meeting.

The establishment of the ACTP was announced in the 2026-27 Budget.

The initiative brings together government representatives with private sector representatives from commercial, industrial, and professional sectors. It will advise the Government on tax policy matters, with a view to sustaining and enhancing Hong Kong's economic development and competitiveness, taking into consideration the evolving global tax environment and Hong Kong's international tax obligations.

Welcoming the start of the Committee's work, Hong Kong Financial Secretary Paul Chan said, "Tax policy is a key component of enhancing the competitiveness of an economy. One of Hong Kong's institutional advantages is our simple and low tax regime. Our tax policy is widely and internationally recognised. [...] However, in the face of the evolving and increasingly stiff global competitive environment, we must move ahead with the times and continue to enhance our tax policy and create a more facilitating business environment, with a view to attracting more quality enterprises and industry clusters to Hong Kong and supporting the diversified and long-term development of our economy."