Important Notice
Introduction:
As in previous years, Hong Kong’s domestic tax law has continued to evolve. Notably, following a period of public consultation, legislation to implement the global minimum tax and the Hong Kong minimum top-up tax was enacted in June.
In addition, the Government has recently introduced the inward company re-domiciliation regime, aimed at further enhancing Hong Kong’s appeal as a business hub. Several additional proposals to enhance existing tax regime are also under consideration.
The IRD has issued new guidance, including illustrative examples, on the patent box regime. The IRD has also continued to provide further guidance on the FSIE regime and has addressed the profits tax implications for employers arising from the abolition of the MPF offsetting mechanism.
Another key development is the recent judgment by Hong Kong’s highest court in the John Wiley case. The court held that UK LLPs do not have issued share capital for the purposes of claiming intragroup stamp duty relief in Hong Kong.
This seminar is designed to provide you with a comprehensive overview of these important updates and their implications.