The Hong Kong Inland Revenue Department (IRD) updated lists regarding the Qualifying Debt Instruments (QDI) on Monday, 13 May, 2024.
The lists include:
Qualifying Debt Instruments issued before 1 April, 2018
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.
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.
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.
