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
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 Inland Revenue Department (IRD) passed the Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowances for Buildings and Structures) Bill 2024 on 18 December 2024. This bill covers tax deductions for
The Hong Kong Inland Revenue Department (IRD) has announced that the government has officially committed to implementing the Crypto-Asset Reporting Framework (CARF) on 13 December 2024. The government informed the Global Forum on Transparency and
Bahrain’s Council of Representatives approved the ratification of the income tax treaty with Hong Kong on 3 December 2024. Signed on 3 March 2024, the Hong Kong-Bahrain income tax treaty is the first between the two countries. This agreement
The Hong Kong Inland Revenue Department (IRD) has released the latest updated lists of Qualifying Debt Instruments (QDIs) as at the end of 30 September 2024 on 2 December 2024. The lists include: Qualifying Debt Instruments issued before 1
The Hong Kong Inland Revenue Department announced on 29 November 2024 that starting from 2 December 2024, the new annual rate of interest payable on Tax Reserve Certificates will be 0.5500% against the current rate of 0.7167%; i.e. the new rate will
The Hong Kong SAR (HKSAR) government released a consultation paper to selected stakeholders, seeking their feedback on proposed improvements to the preferential tax regimes. These enhancements focus on funds, family-owned investment holding vehicles
