Budget Measures Implementation Bill 2021
Following the Minister for Finance’s budget speech delivered on 11 October 2021, a Bill entitled “An Act to implement Budget measures for the financial year 2022 and other administrative measures”, detailing some proposed amendments to the relevant laws, has been published. The Bill can be downloaded from this link.
The Bill is proposing amendments to the following legislation:
Part II – Amendments to the Customs Ordinance Cap. 37.
Part III – Amendments to the Income Tax Act. Cap. 123
Part IV – Amendments to the Social Security Act. Cap. 318.
Part V – Amendments to the Motor Vehicles Registration and Licensing Act Cap. 368.
Part VI – Amendments to the Excise Duty Act. Cap. 382.
Part VII – Consequential Amendments Cap. 9. Cap. 406. Cap. 490.
Part VIII – Amendments to Subsidiary Legislation. S.L. 37.05. S.L. 233.07. S.L. 337.45. S.L. 382.02. S.L. 382.03.