Hong Kong updates list of profit tax-exempt debt instruments
The Hong Kong Inland Revenue Department (IRD) has released updated Qualifying Debt Instruments (QDIs) lists as of 31 March 2025. The Hong Kong Inland Revenue Department (IRD) updated its list of Qualifying Debt Instruments (QDIs) on 10 June 2025,
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Hong Kong enacts BEPS 2.0 Pillar Two minimum tax law
Under Pillar Two of BEPS 2.0, a global minimum tax of 15% is imposed on multinational enterprise (MNE) groups with annual consolidated revenue of EUR 750 million or above in at least two of the four fiscal years immediately preceding the current
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Hong Kong issues ruling on corporate treasury centres eligibility for profit tax concessions
The Hong Kong Inland Revenue Department (IRD) issued an advance ruling about an applicant's eligibility for the 8.25% concessionary tax rate for qualifying corporate treasury centres, which has been available since 1 April 2016. The Hong Kong
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Philippines, Hong Kong begin income tax treaty negotiations
The Philippines and Hong Kong have held their first round of talks on a bilateral income tax treaty aimed at enhancing cross-border tax cooperation. The Philippine Bureau of Internal Revenue (BIR) has announced that Commissioner Romeo D. Lumagui,
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Hong Kong: Government approves global minimum tax bill
The bill introduces a 15% global minimum tax for multinational enterprise groups, starting 1 January 2025. The Hong Kong Inland Revenue Department (HKIRD) has announced that the Legislative Council approved the Inland Revenue (Amendment) (Minimum
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Hong Kong, Maldives sign income tax treaty
The agreement will take effect after ratification, applying in Hong Kong from 1 April and in the Maldives from 1 January of the year following its enforcement. Hong Kong and the Maldives signed an income tax treaty on 26 May 2025. This is the
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Hong Kong: Legislative Council Bills Committee advances global minimum tax bill
The Hong Kong Legislative Council Bills Committee released a report on the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 on 19 May 2025, affirming that it does not object to the amendments put forward by the
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Hong Kong: Government approves new company re-domiciliation regime
The Hong Kong Government has approved the Companies (Amendment) (No.2) Bill 2024 on 14 May 2025, which introduces a new company re-domiciliation regime. Under the company re-domiciliation regime, non-Hong Kong-incorporated companies which fulfil
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Hong Kong, Philippines to start tax treaty negotiations
The Hong Kong Inland Revenue Department announced on 13 May 2025 that Hong Kong and the Philippines will hold their first round of income tax treaty negotiations from 21 to 23 May 2025. The representation should reach the Inland Revenue
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Hong Kong approves stamp duty changes on real property
The Hong Kong Legislative Council approved the Stamp Duty (Amendment) Bill 2025 on 7 May 2025 to implement the 2025-26 budget proposal to raise the maximum value of properties chargeable to the HKD 100 stamp duty from HKD 3 million to HKD 4 million,
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US: Trump administration ends duty-free access for low-value imports from China, Hong Kong
The Trump administration ended duty-free access for low-value shipments from China and Hong Kong entering the US on Friday, 2 May 2025. This followed after President Donald Trump signed an executive order on 2 May 2025, which ended “de
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Hong Kong approves Inland Revenue (Amendment) (Tax Concessions) Bill 2025
Hong Kong’s Legislative Council has passed the Inland Revenue (Amendment) (Tax Concessions) Bill 2025, according to an announcement by the Inland Revenue Department (IRD) on 30 April 2025. The bill was introduced as part of the government’s
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Hong Kong, Bahrain tax treaty enters into force
Hong Kong's Comprehensive Avoidance of Double Taxation Agreement (CDTA) with Bahrain, signed in March last year, came into force on 4 March 2025, after completion of relevant ratification procedures. The CDTA will be applicable to Hong Kong tax
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Hong Kong: Tax authority introduces eTAX portals for businesses, tax representatives, individuals
The Hong Kong Inland Revenue Department has introduced new portals under eTAX, including a pre-launch of the Business Tax Portal (BTP), Tax Representative Portal (TRP) and Individual Tax Portal (ITP) on 22 April 2025. Taxpayers can now register
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Hong Kong addresses feedback on global minimum tax bill
Hong Kong's Legislative Council has published a letter from the Secretary for Financial Services and the Treasury in response to comments from eight submissions on the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill
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Armenia ratifies tax treaty with Hong Kong
Armenian President Vahagn Khachaturyan signed the law ratifying the income tax treaty with Hong Kong on 4 April 2025. The ratification law is pending publication in Armenia’s Official Gazette. This follows after Armenia’s parliament
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Hong Kong issues profits tax, property tax, and employer’s returns for 2024-25
The Hong Kong Inland Revenue Department (IRD) has issued profits tax, property tax and employer's returns for 2024-25 on 1 April 2025. The IRD issued about 230,000 profits tax returns, 120,000 property tax returns and 330,000 employer's returns
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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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