The Hong Kong Inland Revenue Department announced that it had signed a comprehensive avoidance of double taxation agreement (CDTA) with Armenia on Monday, 24 June 2024. Tam Tai-pang, Commissioner of Inland Revenue, signed the CDTA on behalf of

On 14 June 2024, Armenia’s government announced it approved plans to sign an income tax treaty with Hong Kong. If signed, this tax treaty will be the first between the two nations. The treaty aims to eliminate double taxation of income and prevent

The Hong Kong Inland Revenue Department has released a notice detailing the property tax obligations for properties entirely, jointly, or co-owned by individuals; and properties owned by corporations or other entities. Property tax is charged on

The Hong Kong Inland Revenue Department, on Friday, 31 May, 2024, announced a change in the rate of interest payable on Tax Reserve Certificates in a legal notice published in the Government Gazette. The notice includes a reduction in the annual

The Hong Kong Inland Revenue Department announced that the Legislative Council has passed legislation to implement specific measures from the 2024-25 Budget on Wednesday, 22 May, 2024. These measures include a two-tiered standard rates regime for

The Inland Revenue Department (IRD), on 20 May, 2024, released a list of common mistakes financial institutions have committed when reporting on the automatic exchange of information (AEOI) portal for FATCA and the Common Reporting Standard (CRS) on