The QDIs listed are mainly composed of debt instruments issued by governments and financial institutions within the Asia-Pacific region, along with a limited number from other issuers.
The Hong Kong Inland Revenue Department (IRD) has released updated lists of Qualifying Debt Instruments (QDIs) as of 30 June 2025. The updated lists were released on 19 August 2025.
The listed QDIs primarily consist of debt instruments issued by governments and financial institutions across the Asia-Pacific region and a select few from other issuers.
The lists include:
- Qualifying Debt Instruments issued before 1 April 2018
- Short Term/ Medium Term Debt Instruments Eligible for Profits Tax Concession
The short term/ medium term debt instruments are intended to be eligible for Profits Tax concession (i.e. chargeable at 50% of the normal profits tax rate) in accordance with section 14A(1) of the Inland Revenue Ordinance. - Long Term Debt Instruments Eligible for Profits Tax Exemption
The long term debt instruments are intended to be eligible for Profits Tax exemption in accordance with section 26A(1) of the Inland Revenue Ordinance as from the year of assessment 2003/04.
- Short Term/ Medium Term Debt Instruments Eligible for Profits Tax Concession
- Qualifying Debt Instruments issued on or after 1 April 2018
The debt instruments are intended to be eligible for Profits Tax exemption in accordance with section 14A(1B) of the Inland Revenue Ordinance as from the year of assessment 2018/19
The Hong Kong IRD’s last updated Qualifying Debt Instruments (QDIs) was released on 10 June 2025.