News Regulations03 Apr 2019

Products qualifying for Hong Kong's tax incentive revealed

IA CEO Clement Cheung

A list of Qualifying Deferred Annuity Policies (QDAPs) eligible for tax deduction was recently released by the Insurance Authority (IA) on its website. This follows the Hong Kong government announcing a tax incentive of up to HK$60,000 ($7,643) yearly for deferred annuity policies, during the 2018-19 budget. Under this entitlement, couples could enjoy a combined limit of HK$120,000 per year.

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