Hong Kong publishes 2024-25 profits tax filing guide
Hong Kong has published a guide for 2023-25 profits tax filings. The 2024-2025 profits tax filing season began on 1 April 2024 with the mass distribution of profits tax returns. Who should file Newly registered business Generally, a
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Armenia Parliament endorses pending tax treaty with Hong Kong
Armenia’s parliament approved the ratification of an income tax treaty with Hong Kong on 26 March 2025. Signed on 24 June 2024, the Armenia – Hong Kong income tax treaty is the first between the two jurisdictions. To be ratified, the
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Hong Kong, Barbados end first round of tax treaty talks
The Hong Kong Inland Revenue Department (IRD) announced that the officials from Barbados and Hong Kong concluded the first round of negotiations for an income tax treaty on 28 March 2025. The agreement between Hong Kong and Barbados aims to
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Hong Kong introduces upgraded electronic profits tax filing services
The Hong Kong Inland Revenue Department (IRD) has launched the new versions and enhanced features of electronic filing of profits tax return services on 1 April 2025. The IRD Taxonomy Package and IRD iXBRL Data Preparation Tools enables all
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Hong Kong notifies tax representatives of 2024-25 tax return filing block extension scheme
The Hong Kong Inland Revenue Department (IRD) has released a Circular Letter to Tax Representatives on the Block Extension Scheme for the Lodgement of 2024/25 Tax Returns. As in previous years, the letter confirms that the Block Extension Scheme
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Hong Kong, Barbados commence first round of tax treaty negotiations
The Hong Kong Inland Revenue Department announced on 18 March 2025 that the first round of income tax treaty talks between Barbados and Hong Kong will take place from 24 to 28 March 2025. The agreement between Hong Kong and Barbados aims to
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Bahrain, Hong Kong IPA enters into force
The Bahrain - Hong Kong Investment Protection Agreement (2024) will enter into force on 21 March 2025. Hong Kong and Bahrain signed an Investment Protection Agreement (IPA) on 3 March 2024 to strengthen mutual investment protection, with a view
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Hong Kong, Peru commence first IPA talks
Peru’s government announced on 23 February 2025, that the first round of negotiations for an investment protection agreement (IPA) with Hong Kong will take place in Hong Kong from 10 to 12 March
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Bahrain ratifies income tax treaty with Hong Kong
Bahrain ratified the Bahrain-Hong Kong income tax agreement (2024) through Law No. 7/2025, as published in Official Gazette No. 3798 on 27 February 2025. The law came into force on 28 February 2025. Earlier, Bahrain’s Council of
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Hong Kong announces Inland Revenue (Amendment) (Tax Concessions) Bill 2025
The Hong Kong Inland Revenue Department has announced the Inland Revenue (Amendment) (Tax Concessions) Bill 2025, introducing a one-off reduction of profits tax, salaries tax, and personal assessment tax for the 2024/25 assessment year, as proposed
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Hong Kong announces 2025-26 budget, proposes reducing profits tax amongst other measures
Hong Kong Financial Secretary Paul Chan delivered the 2025-26 budget on 26 February 2025, which included various tax measures such as reducing profits tax, salaries tax and tax under personal assessment; raising the maximum value of properties
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Bahrain ratifies investment protection agreement with Hong Kong
Bahrain has ratified the Bahrain-Hong Kong Investment Protection Agreement (2024) through Law No. 6/2025 on 13 February 2025. The ratification was published in Official Gazette No. 3795 on the same date. The agreement aims to bolster mutual
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Hong Kong cuts tax reserve certificate interest rates
Hong Kong’s Inland Revenue Department announced, on 28 January 2025, that starting from 3 February 2025 the new annual rate of interest payable on Tax Reserve Certificates will be 0.3417% against the current rate of 0.4250%, i.e. the new rate will
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Hong Kong, Kyrgyzstan conclude tax treaty talks
Kyrgyzstan's Ministry of Economy and Commerce announced that it has concluded negotiations for an income tax treaty with Hong Kong on 17 January 2025. The treaty aims to eliminate double taxation of income and prevent tax evasion between the two
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Hong Kong extends filing 2023/24 lodgement tax returns for year-end dates between January and March 2024 accounting year
The Hong Kong Inland Revenue Department (IRD) has released a Circular Letter to Tax Representatives on the Block Extension Scheme for Lodgement of 2023/24 Tax Returns on 15 January 2025. According to the letter, recognising the genuine
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Hong Kong gazettes amendment to Minimum Tax for Multinational Enterprise Groups Bill 2024
Hong Kong announced that the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 was published in the Gazette on 27 December. The Bill seeks to implement the international tax reform framework, Base Erosion and
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Hong Kong publishes draft guidance on proposed company re-domiciliation regime
The Hong Kong Inland Revenue Department has released draft guidance on the proposed company re-domiciliation regime introduced under the Companies (Amendment) (No. 2) Bill 2024 on 20 December 2024. It is pending approval in the Legislative
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Hong Kong, Croatia tax treaty enters into force
The income tax agreement between Hong Kong and Croatia entered into force on 20 December 2024. Hong Kong and Croatia signed an income and capital tax agreement on 24 January 2024, seeking to eliminate double taxation on income and capital while
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