The Advisory Committee on Tax Policy held its inaugural meeting on 29 Jun 2026, chaired by Financial Secretary Mr Paul Chan, focusing on tax competitiveness and policy enhancements.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On 29 Jun 2026, the Advisory Committee on Tax Policy ("ACTP") convened its inaugural session under the chairmanship of the Financial Secretary, Mr Paul Chan, where members were briefed on and discussed various preferential policies and measures under Hong Kong's current tax regime and the relevant Budget measures, including those for promoting investments and industry development.
Strategic Overview and Economic Competitiveness
Mr Chan emphasized that tax policy is pivotal to economic competitiveness, highlighting Hong Kong's institutional advantage of a simple and low tax regime. Citing the International Institute for Management Development's World Competitiveness Yearbook 2026, he noted that Hong Kong's tax policy has topped the global rankings for two consecutive years. Despite this, he stressed the necessity of adapting to a stiff global competitive environment to enhance the tax policy, facilitate business, and attract quality enterprises and industry clusters for diversified long-term economic development.
Committee Mandate and Membership Structure
Established pursuant to the 2026-27 Budget, the ACTP advises the Government on tax policy to sustain and enhance economic development and competitiveness, considering evolving global tax environments and Hong Kong's international obligations.
The Committee comprises the Financial Secretary as Chairman, alongside ex-officio members including the Deputy Financial Secretary, Secretary for Financial Services and the Treasury, Secretary for Commerce and Economic Development, Permanent Secretary for Financial Services and the Treasury, Commissioner of Inland Revenue, Government Economist, and Head of the Budget and Tax Policy Unit.
Non-official members appointed to the Committee are 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, and Mr Sunny Tan.
Issued at HKT 19:50 on Monday, June 29, 2026.
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