Reduce salaries tax and personal assessment by 100% for the year of assessment 2023/24, with a ceiling of $3,000, benefiting 2.06 million taxpayers in Hong Kong. The deduction will be reflected in the final tax payable for the year of assessment 2023/24. Government revenue will decrease by $5.1 billion.    What does 100% means?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Reduce salaries tax and personal assessment by 100% for the year of assessment 2023/24, with a ceiling of $3,000, benefiting 2.06 million taxpayers in Hong Kong. The deduction will be reflected in the final tax payable for the year of assessment 2023/24. Government revenue will decrease by $5.1 billion. 

 

What does 100% means? 

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