Asia-Pacific

Hong Kong gazettes law on joining multilateral tax agreement

Hong Kong’s Inland Revenue Department on February 2 published in the official gazette a law providing the legal framework for Hong Kong to join a multilateral tax agreement on implementing automatic exchange of information in tax matters (AEOI), automatic exchange of country-by-country reports of multinational corporations, and spontaneous . . .

Asia-Pacific

Hong Kong’s plan to legislate BEPS: what to expect

Stefano Mariani and Calvin Ng of Deacons discuss the Hong  Kong government’s July 31 announcements on its planned response to BEPS, which according to the authors, reveal that the territory will soon abandon its its longstanding stance as an easy and light-touch structuring jurisdiction . . . 

Asia-Pacific

Hong Kong budget provides plenty of business tax sweeteners, but defers difficult decisions

Stefano Mariani, a lawyer and lecturer at Hong Kong University, analyzes Hong Kong’s 2016–2017 budget, noting that the plan provides generous business tax incentives and leaves decisions on tax reform for another day. . .


UPDATE (3/4/2016): Hong Kong publishes tax bill: The Hong Kong government on March 4 published Inland Revenue (Amendment) (No. 2) Bill 2016, to implement the concessionary revenue measures proposed in the . . .