Events listed in Inland Revenue Ordinance
Inland Revenue Ordinance (Cap. 112) (Version Date: 15/12/2023)
ID 26512
A revised version of the Inland Revenue Ordinance was recently published on Hong Kong e-Legislation, the official journal of the city. The new version contains the changes made by the Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Bill 2023 which provides for a tax exemption on gains from the sale of equity interest in Hong Kong enterprises provided that – ...
Bill on foreign gains tax passed
ID 25964
On November 28, 2023, the Hong Kong government published a press statement in which it informs and welcomes the passing of the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023 by the Legislative Council. The Bill further refines the foreign-sourced income exemption (FSIE) regime for large Multi-National Entities (MNEs) that has been in place since January 1, 2023. The current regime requires ...
Inland Revenue (Double Taxation Relief with respect to Taxes on Income and ...
ID 25636
A revised version of the Inland Revenue (Double Taxation Relief with respect to Taxes on Income and Prevention of Tax Evasion and Avoidance) (Republic of Mauritius) Order was published on Hong Kong e-Legislation, Hong Kong’s official platform for publicizing legal texts. The version contains minor, non-material changes in the following sections: 1. Main 2. Schedule Specifically, the enactment provisions have been removed in the ...
Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s ...
ID 25634
A new consolidated version of the Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s Government at Any Level) Order was published on Hong Kong e-Legislation, the official platform for publicizing legal documents. The order exempts capital gains and interest income derived from government bonds issued in Hong Kong by any (local) government of the People’s Republic of China from income tax ...
Gazettal of Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) ...
ID 25292
On October 11, 2023, the Hong Kong government published a press statement to announce the upcoming gazettal of the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023. The Bill, once passed by the Legislative Council, will make further amendments to Hong Kong’s tax regime following the EU’s reassessment of Hong Kong’s practices with respect to the taxation of large multi-national entities (MNEs) ...
Inland Revenue (Double Taxation Relief with respect to Taxes on Income and ...
ID 23853
Following the announcement of a new double taxation order to implement the double taxation agreement between Hong Kong and the Republic of Mauritius signed in November 2022, the final order was now published on Hong Kong e-Legislation, the platform of the Department of Justice for publicizing legal documents. The purpose of the order is to provide relief with regard to double taxation on income ...
Inland Revenue Ordinance (Cap. 112) (Version Date: 19/05/2023)
ID 23565
A new consolidated version of the Inland Revenue Ordinance was published on Hong Kong e-Legislation, the official website of the Department of Justice for publicizing legal documents. The consolidated version contains the amendments made by the Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Bill 2022 which was passed by the Legislative Council on May 19, 2023. Specifically, it amends below noted ...
Government welcomes passage of Inland Revenue (Amendment) (Tax Concessions for ...
ID 23189
The Hong Kong government has published a press statement in which it welcomes the passage of the Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Bill 2022. The bill is intended to modify the „Inland Revenue Ordinance“ to attract more investment management business and related services to Hong Kong by exempting certain income derived from Family-owned Investment Holding Vehicles (FIHVs) managed by ...
Order on Comprehensive Avoidance of Double Taxation Agreement with Mauritius to be ...
ID 22990
The Hong Kong government has published a press release to announce that a new double taxation order to implement the double taxation agreement between Hong Kong and the Republic of Mauritius signed in November 2022 will soon be tabled at the Legislative Council for negative vetting. To recall, the agreement provides relief with regard to double taxation on income and on capital earned in ...
Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s ...
ID 22599
On March 31, 2023, the Hong Kong government published its new order, namely the Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s Government at Any Level) Order, on Hong Kong e-Legislation, the official website for publicizing legal documents in Hong Kong. The order came into force on March 31, 2023 and exempts capital gains and interest income derived from government bonds ...