Hong Kong Tax News Flash

Nov 2009, Issue 11

Progress in liberalising the exchange of tax information in Hong Kong

As reported in our Hong Kong Tax News Flash, July 2009 Issue 7, the Hong Kong SAR Government introduced Inland Revenue (Amendment) (No.3) Bill 2009 ("Bill") in June this year to amend the existing provisions of the Inland Revenue Ordinance so as to enable Hong Kong to adopt the more liberal 2004 version of the Exchange of Information ("EoI") article endorsed by the Organisation for Economic Co-operation and Development ("OECD").

This News Flash looks at the progress made by Hong Kong since the gazette of the Bill in June against the backdrop of the latest international developments on countering tax havens or non-cooperative jurisdictions ("NCJs").

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Contacts


Peter Yu: Hong Kong Tax Leader; Hong Kong; Tel: +[852] 2289 3122 Email
Tim Leung: Partner; Hong Kong; Tel: +[852] 2289 3055 Email
Reynold Hung: Partner; Hong Kong; Tel: +[852] 2289 3604 Email

Of further interest

Legislation enabling Hong Kong to liberalise its exchange of information enacted (Jan 2010)

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