On 16 January 2017, the Secretary for Financial Services and the Treasury, Professor K C Chan, on behalf of the Government of the Hong Kong Special Administrative Region...

This edition contains news on various recent tax developments in East and Southeast Asia.

With the passage of the 2016 tax reform bills on 29 March 2016, the effective corporate tax rates for a company which is liable to size-based business taxes will be reduced.

The Asian countries are in the process of revising their information exchange laws to embrace the country-by-country report exchanges proposed by the OECD in the context of combating international tax avoidance.

The winter months have seen a range of significant measures in tax legislation, from tax incentives for foreign investment and various measures to promote the technology sector to building on earlier measures to increase tax collections.

The times are changing. Due to pressure from the European Union, Hong Kong has issued the framework of how it proposes to change its long-cherished offshore taxation rules applicable to passive...

While considering moving a business into a new market, one of the key consideration is that country's tax regime.

In this pandemic year, four months have passed during which most of Asia has been working from home. The focus is almost exclusively on the virus. As in the previous edition of this bulletin,...

Chinese tax authorities are increasingly challenging cross-border dividend flows between China and Hong Kong, denying preferential withholding tax rates when Hong Kong...

On 18 January 2016 Hong Kong signed a double taxation agreement (DTA) with Russia.

This is relevant mainly for (1) Hong Kong companies or investment funds selling securities in Chinese listed companies and (2) ship or aircraft leasing companies resident in Hong Kong who (finance) lease vessels and aircraft to lessees in mainland China.

2019 has been a productive year in terms of new tax policies.

The unprecedented change in the economic environment following the outbreak of COVID-19 has given rise to new restrictions imposed by governments around the world...

Due to pressure from the European Union, the Hong Kong government is proposing to change the offshore tax regime for the taxation of foreign dividends, interest income, royalty income and...

On November 11, 2012, Canada signed a tax treaty with Hong Kong .

China's Belt & Road Initiative in terms of overseas projects has been receiving project financing to the tune of about US$13 billion a month.

Hong Kong and the US signed a tax information exchange agreement (TIEA) on 25 March 2014.

The Inland Revenue Department (IRD) of the Hong Kong SAR (Hong Kong) has recently published updated and new FAQs on its website regarding the determination of an individual's residence under the tie-breaker rules...

Welcome to issue 39 [2016] of Weekly Alert covering technical development in taxation around the globe.

The Mainland and Hong Kong signed an Arrangement between them for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (the "Arrangement") on 21 August 2006 to eliminate any situation of double taxation that might otherwise be faced by a Mainland or Hong Kong investor or resident in the conduct of cross border activities.