Hong Kong’s Inland Revenue Department announced, on 28 January 2025, that starting from 3 February 2025 the new annual rate of interest payable on Tax Reserve Certificates will be 0.3417% against the current rate of 0.4250%, i.e. the new rate will

Kyrgyzstan's Ministry of Economy and Commerce announced that it has concluded negotiations for an income tax treaty with Hong Kong on 17 January 2025. The treaty aims to eliminate double taxation of income and prevent tax evasion between the two

The Hong Kong Inland Revenue Department (IRD) has released a Circular Letter to Tax Representatives on the Block Extension Scheme for Lodgement of 2023/24 Tax Returns on 15 January 2025. According to the letter, recognising the genuine

Hong Kong announced that the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 was published in the Gazette  on 27 December. The Bill seeks to implement the international tax reform framework, Base Erosion and

The Hong Kong Inland Revenue Department has released draft guidance on the proposed company re-domiciliation regime introduced under the Companies (Amendment) (No. 2) Bill 2024 on 20 December 2024. It is pending approval in the Legislative

The income tax agreement between Hong Kong and Croatia entered into force on 20 December 2024. Hong Kong and Croatia signed an income and capital tax agreement on 24 January 2024, seeking to eliminate double taxation on income and capital while