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Tax Deductions for Annuity Premiums and MPF Voluntary Contributions (Amendment) Bill 2018 (Amendment Bill) was passed on March 20, 2019

To encourage voluntary savings for retirement for the Hong Kong workforce, the government has just passed the Tax Deductions for Annuity Premiums and MPF Voluntary Contributions (Amendment) Bill 2018 (Amendment Bill) on March 20, 2019. Eligible MPF or ORSO member can set up and make contributions to this account, known as the Tax Deductible Voluntary Contributions (TVC) account. The TVC is...
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