Hong Kong: Government publishes first batch of amendments to BEPS bill

29 April, 2018

On 24 April 2018, the government published the first edition of Inland Revenue bill no.6 2017 to the BEPS Bill, which was adopted on 29 December 2017. The first set of amendments dealt with some of the key issues proposed by the business community, as well as professional persons in Hong Kong. A second set of amendments is expected to be published in May 2018.be

Asia-Pacific

Hong Kong

«

Previous post
Luxembourg: Parliament adopts the new IP regime

Next post
Italy: Transfer pricing consultation responses published

»

Hong Kong publishes advance tax ruling on in-kind dividend in restructuring

November 18, 2024

The Hong Kong Inland Revenue Department (IRD) has released Advance Ruling Case No. 75 on 30 September 2024, addressing the tax implications of an in-kind dividend involved in a restructuring. Advance Ruling Case No. 75 1. The provisions of the

Hong Kong, Rwanda to negotiate income tax treaty

November 12, 2024

The Hong Kong Inland Revenue Department has announced that representatives from Hong Kong and Rwanda will begin their inaugural round of income tax treaty negotiations from 18 – 22 November 2024. A tax treaty is a bilateral agreement between

Hong Kong gazettes stamp duty waiver legislation introduced in 2024-25 budget

November 11, 2024

Hong Kong has gazetted the Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024 on 8 November 2024, which eliminates stamp duties payable on the transfer of real estate investment trust (REIT) units and the jobbing business of option

Hong Kong announces 2023/24 tax return block extension for tax representatives

November 06, 2024

Hong Kong’s Inland Revenue Department (IRD) issued the Circular Letter To Tax Representatives Block Extension Scheme For Lodgement of 2023/24 Tax Returns on 4 November 2024, extending the due date for ‘M’ code tax filing

Hong Kong publishes consultation outcome on global minimum tax implementation, minimum top-up tax

November 05, 2024

Hong Kong SAR government and the Inland Revenue Department (IRD) released the Outcome of the Consultation on the Implementation of Global Minimum Tax and Hong Kong Minimum Top-up Tax on 30 October 2024. The Government launched a consultation

Hong Kong lowers tax reserve certificate interest

November 04, 2024

The Hong Kong Inland Revenue Department announced on 1 November 2024 that starting from 4 November 2024, the new annual rate of interest payable on Tax Reserve Certificates will be 0.7167% against the current rate of 0.8000%, i.e., the new rate