According to an update from the Hong Kong Inland Revenue Department, representatives from Hong Kong and Venezuela have concluded the initial rounds of talks for an income tax treaty on 10 May, 2024. This treaty, if finalised, signed, and

The Hong Kong Inland Revenue Department (IRD) has released the synthesised text of the tax treaty with Russia, as affected by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting

Italy’s Revenue Agency has published provisions for Controlled Foreign Company (CFC) substitute tax option, released as part of Legislative Decree No. 209 of 27 December 2023. Legislative Decree No. 209 outlines measures for adopting the Pillar

The Hong Kong Inland Revenue Department published a notice on 2 May, 2024, regarding the filing 2023/24 individual tax returns. Taxpayers are required to file duly completed returns to the Inland Revenue Department (IRD) within one month from the

On 11 April 2024, Italy’s Revenue Agency announced it released Circular 8/E to clarify the simplification of tax return compliance under Legislative Decree No. 1 of January 2024 or the "Compliance Decree." The Circular provides simplification

On 28 March 2024, the Hong Kong Inland Revenue Department published the Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Bill 2024 in the Gazette to implement the "patent box" tax incentive. The draft bill proposes a