Hong Kong

Wed, 16 Feb 2022 00:00:00 GMT
Tax-News.com: OECD Reports Solid Progress On BEPS Action 5 And 14
The OECD/G20 Inclusive Framework on BEPS has published the outcome of more reviews into territories' preferential tax regimes and on tax dispute resolution through the Mutual Agreement Procedure.

Wed, 5 Jan 2022 00:00:00 GMT
Tax-News.com: Hong Kong Reviewing Tax-Privileged Retirement Products
Authorities in Hong Kong have launched a review into two tax-deductible retirement savings products: Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund (MPF) Tax-Deductible Voluntary Contributions (TVC).

Mon, 1 Nov 2021 00:00:00 GMT
Tax-News.com: Hong Kong To Amend Tax Rules For Foreign-Source Passive Income
The Hong Kong Government has issued a statement committing to amend its tax law with regards the tax exemption for foreign source passive income from 2023, to ensure the territory does not end up placed on the EU's tax blacklist of non-cooperative te...

Wed, 25 Aug 2021 00:00:00 GMT
Tax-News.com: Hong Kong Discusses US Termination Of Shipping Tax Pact
The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax.

Fri, 6 Aug 2021 00:00:00 GMT
Tax-News.com: Hong Kong Sets Out Response To Int'l Tax Reform Plans
Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, has set out how the territory intends to respond to the OECD's proposed new international tax framework.

Fri, 6 Aug 2021 00:00:00 GMT
Tax-News.com: Hong Kong Explains COVID-19 Reliefs For Tax Debtors
Hong Kong's Inland Revenue Department has explained COVID-19 tax concessions available for taxpayers struggling to pay their tax dues and has highlighted upcoming property tax obligations.

Fri, 6 Aug 2021 00:00:00 GMT
Tax-News.com: Hong Kong, Georgia Tax Deal To Enter Into Force
The Hong Kong Government has announced that the comprehensive double tax agreement it signed with Georgia last year will enter into force on July 1.

Wed, 9 Jun 2021 00:00:00 GMT
Tax-News.com: Hong Kong Again Slashes Interest On Early Tax Payments
The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates.

Wed, 9 Jun 2021 00:00:00 GMT
Tax-News.com: Hong Kong Enhances Tax Rules For Amalgamations
Hong Kong's Legislative Council has passed a bill to implement a series of amendments to the Inland Revenue Ordinance.

Wed, 12 May 2021 00:00:00 GMT
Tax-News.com: Hong Kong Issues Tax Returns For Individuals
On May 3, 2021, the Hong Kong Inland Revenue Department issued over 2.62 million tax returns for individuals for the year of assessment 2020-21.

Tue, 6 Apr 2021 00:00:00 GMT
Tax-News.com: Hong Kong Issues 2020-21 Tax Returns
On April 1, 2021, the Hong Kong Inland Revenue Department began issuing profits tax, property tax, and employer's returns for the year of assessment 2020-21.

Thu, 25 Mar 2021 00:00:00 GMT
Tax-News.com: Hong Kong Tables Tax Law Administration Bill
Hong Kong tabled the Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021 in parliament on March 24.

Fri, 19 Mar 2021 00:00:00 GMT
Tax-News.com: Hong Kong Adopts Law To Cut Stamp Duty Rates
Hong Kong has passed legislation to abolish the doubled ad valorem stamp duty rates applicable to non-residential property transactions with effect from November 26, 2020.

Wed, 3 Mar 2021 00:00:00 GMT
Tax-News.com: Hong Kong Announces Tax Relief In 2021-22 Budget
Hong Kong will grant taxpayers a waiver of up to HKD10,000 (USD1,290) of profits tax, salaries tax, and tax under personal assessment, the territory announced in its 2021-22 Budget.

Wed, 3 Mar 2021 00:00:00 GMT
Tax-News.com: Hong Kong Provides Tax Concessions For Carried Interest
The Hong Kong Government has gazetted legislation to provide tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong.

Tue, 22 Sep 2020 00:00:00 GMT
Tax-News.com: Russia's Cabinet Approves Maltese DTA Amendments
Russia's Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source for cross-border dividends and interest income.

Mon, 14 Sep 2020 00:00:00 GMT
Tax-News.com: Cyprus, Russia Agree Tax Hike On Cross-Border Dividends, Interest
Russia's Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus on September 8, 2020.

Tue, 18 Aug 2020 00:00:00 GMT
Tax-News.com: Russia Turns Sights To Switzerland, Hong Kong Treaties
Russia's double tax agreements with Hong Kong and Switzerland are next on the radar for authorities in Russia, who are seeking to ensure the country can subject to at least 15 percent withholding tax outbound dividends and interest payments.

Fri, 17 Jul 2020 00:00:00 GMT
Tax-News.com: Hong Kong Lawmakers Endorse CIT Cut For Insurers
Hong Kong's Legislative Council has passed a bill to reduce the profits tax for certain insurance businesses.

Fri, 1 May 2020 00:00:00 GMT
Tax-News.com: Hong Kong Releases New Guidance On Advance Rulings
Hong Kong has updated its guidance on advance rulings, to reflect changes to Hong Kong's practices as a result of its efforts to comply with the OECD's minimum standards proposed as part of the base erosion and profit shifting (BEPS) Action Plan.

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