pstrongThe expanded regime will cover more assets./strong/p pThe Hong Kong Special Administrative Region Government said it will propose an amendment bill to refine Hong Kong's foreign-sourced income exemption regime by expanding the scope of its coverage.
The Hong Kong Special Administrative Region Government said it will propose an amendment bill to refine Hong Kong's foreign-sourced income exemption regime by expanding the scope of its coverage.
The measure, titled. Inland Revenue Bill 2023, will be gazetted on 13 October and introduced into the Legislative Council on 18 October. The proposed law will align Hong Kong’s FSIE regime with the global standard by requiring corporate taxpayers to have adequate economic substance in Hong Kong to enjoy tax exemption with regard to foreign-sourced disposal gains and prevent shell companies from deriving tax benefits through double non-taxation of foreign-sourced disposal gains....there are many ways you can work with us to advertise your company and connect to your customers.
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