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Stories that are tagged 'Hong Kong'

 

OECD Reports Solid Progress On BEPS Action 5 And 14
Ulrika Lomas, Tax-News.com, Brussels__16 February, 2022
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. Read Full Story

Hong Kong Reviewing Tax-Privileged Retirement Products
Mary Swire, Tax-News.com, Hong Kong__05 January, 2022
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). Read Full Story

Hong Kong To Amend Tax Rules For Foreign-Source Passive Income
Jason Gorringe, Tax-News.com, London__01 November, 2021
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 territories. Read Full Story

Hong Kong Discusses US Termination Of Shipping Tax Pact
Mary Swire, Tax-News.com, Hong Kong__25 August, 2021
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. Read Full Story

Hong Kong Sets Out Response To Int'l Tax Reform Plans
Mary Swire, Tax-News.com, Hong Kong__06 August, 2021
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. Read Full Story

Hong Kong Explains COVID-19 Reliefs For Tax Debtors
Mary Swire, Tax-News.com, Hong Kong__06 August, 2021
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. Read Full Story

Hong Kong, Georgia Tax Deal To Enter Into Force
Mary Swire, Tax-News.com, Hong Kong__06 August, 2021
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. Read Full Story

Hong Kong Again Slashes Interest On Early Tax Payments
Mary Swire, Tax-News.com, Hong Kong__09 June, 2021
The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates. Read Full Story

Hong Kong Enhances Tax Rules For Amalgamations
Mary Swire, Tax-News.com, Hong Kong__09 June, 2021
Hong Kong's Legislative Council has passed a bill to implement a series of amendments to the Inland Revenue Ordinance. Read Full Story

Hong Kong Issues Tax Returns For Individuals
Mary Swire, Tax-News.com, Hong Kong __12 May, 2021
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. Read Full Story

 

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