The Advisory Committee on Tax Policy (ACTP), chaired by the Financial Secretary, Mr Paul Chan, held its first meeting today (June 29).

     At the meeting, members were briefed on and discussed the various preferential policies and measures under Hong Kong's current tax regime and the relevant measures in this year's Budget, including preferential policies for promoting investments and development of industries.  

     Mr 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. For instance, in the latest World Competitiveness Yearbook 2026 published by the International Institute for Management Development, Hong Kong's tax policy has topped the global rankings for two consecutive years. 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. I am very grateful for members' participation and support by proactively putting forward valuable insights."

     In the 2026-27 Budget, the Financial Secretary proposed the establishment of the ACTP. The ACTP's terms of reference are: To 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. Members comprise representatives from the commercial, industrial and professional sectors, as well as relevant government departments. The membership is as follows:

Chairman
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Financial Secretary

Ex-officio members
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Deputy Financial Secretary
Secretary for Financial Services and the Treasury
Secretary for Commerce and Economic Development
Permanent Secretary for Financial Services and the Treasury (Treasury)
Commissioner of Inland Revenue
Government Economist
Head, Budget and Tax Policy Unit

Non-official members (in alphabetical order of surnames)
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Mr Roger Barbour
Dr Sunny Chai Ngai-chiu
Ms Agnes Chan Sui-kuen
Mr Alan Chan Chung-yee
Mr Calvin Chan Ka-wai
Mr Pierre Chan Tat-hin
Mr Johannes Hack
Ms Namalee Kodikara
Mr Anthony Lam Sai-ho
Ms Amy Lo Choi-wan
Mr Paul McSheaffrey
Dr Webster Ng Kam-wah
Mr Michael Olesnicky
Mr Ou Xiaoming
Ms Jennifer Tan Yuen-chun
Mr Sunny Tan
Ms Sally Wan Yuen-wai

Ends/Monday, June 29, 2026
Issued at HKT 19:50

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