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 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.
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.
