Financial Services Tax News Flash

May 2016

Hong Kong is embarking on the BEPS journey

The Deputy Commissioner of Inland Revenue has recently commented on the implementation of the Base Erosion Profit Shifting (BEPS) project in Hong Kong. One clear message that has emerged is that Hong Kong will need to respond to the rewritten international tax rules and update its tax system and legislation, at least in certain areas.

This latest Financial Services Tax News Flash provides more details on the priority areas and what businesses should do to prepare themselves for closer scrutiny by the Inland Revenue Department.

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Asia Pacific Tax Leader Financial Services, Asset & Wealth Management

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Rex Ho

Hong Kong Financial Services Tax Leader

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Partner, Asset Finance and Leasing

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Director

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Puay Khoon Lee

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