Hong Kong passed has implemented a base erosion and profit shifting and transfer pricing tax regulatory regime.
In accordance with Automatic Exchange of Information requirements, account holders or controlling persons of Hong Kong financial institutions must report their tax-residency status.
Chief Executive Carrie Lam announced on October 11, 2017, that a new corporate tax system will be implemented in 2018.
Hong Kong has announced its 2015/16 Budget. Here are the key tax measures.
The Inland Revenue Department (‘IRD’) has stated that financial statements prepared on a fair value basis in 2014/15 profits tax returns will be accepted.