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In June, 2020 the Inland Revenue Department ("IRD") issued Departmental Interpretation and Practice Note 61 ("DIPN 61") to provide guidance on its interpretation and application

In Hong Kong, personal income tax is known as "salaries tax", regulated by law in the "Inland Revenue Ordinance" (IRO). Salaries Tax is only levied on the annual income of an individual derived from employment.

With reference to the Financial Secretary's 2010-11 Budget delivered on 24 February 2010, the stamp duty rates on transactions of properties valued over HK$20 million will be increased with effect from 1 April 2010.

Before completing your Individual Tax Return (Form BIR 60), it is important to understand how Salaries Tax in Hong Kong is computed.

The minutes of the 2025 annual meeting between the Hong Kong Institute of Certified Public Accountants (HKICPA) and the Inland Revenue Department (IRD) were recently published.

The HKSAR Government has recently put forward its proposals on (1) enhancing the existing tax concessions for maritime services industry...

The Hong Kong SAR (Hong Kong) recently signed a comprehensive double tax agreement (CDTA) with Norway. Benefits under the CDTA for Hong Kong...

Cyprus and Malta are both island states occupying strategic positions in the Mediterranean region. Cyprus is situated in the Eastern Mediterranean close to the Middle East, Turkey and the important maritime gateways of the Bosporus and the Suez Canal...

Hong Kong's submission of CRS 2.0 amendment legislation in April 2026 marks a pivotal shift in global tax transparency, expanding coverage to crypto assets and strengthening beneficial ownership identification. How do these systematic upgrades address the structural deficiencies of CRS 1.0, and what challenges remain in achieving effective cross-border tax information exchange?

On 5 January 2026 the OECD published the highly anticipated "Side-by-Side Package" document as part of its ongoing work in respect of BEPS Pillar 2.

To combat base erosion and profit-shifting practices and enhance cooperation in international taxation, the countries that have committed themselves to membership in the OECD inclusive framework...

Transfer pricing is the term used to describe all aspects of intercompany pricing arrangements between related business entities, such as a Hong Kong business and an overseas branch.

Hong Kong is the easiest jurisdiction in Asia Pacific for accounting and tax compliance, and fourth-easiest globally - according to TMF Group's Financial Complexity Index 2018.

On 26 October 2011, the Chinese State Council officially announced the launching of a pilot Value Added Tax ("VAT") reform program ("Pilot Program") to be carried out in three phases.

The MOF and SAT officially stated the policy for qualified companies in three new areas to enjoy a reduced Corporate Income Tax rate of 15 percent.

Hong Kong has introduced sweeping reforms to its automatic exchange of information framework, implementing both the OECD's Crypto-Asset Reporting Framework (CARF) and an enhanced Common Reporting Standard (CRS 2.0). These changes mandate registration for all reporting financial institutions, impose stringent due diligence requirements on crypto-asset service providers, and expand tax transparency to cover digital money products and crypto-related investment activities.

We are pleased to present to you the Summer issue of our firm's Asia Tax Bulletin.