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.

Contact us

David Kan


Tel: +[852] 2289 3502

Florence Yip

Asia Pacific Tax Leader Financial Services, Asset & Wealth Management

Tel: +[852] 2289 1833

Phillip Mak

Tax Partner

Tel: +[852] 2289 3503

Rex Ho

Hong Kong Financial Services Tax Leader

Tel: +[852] 2289 3026

Clarence Leung

Partner, Asset Finance and Leasing

Tel: +[852] 2289 3599

Sandy Lau


Tel: +[852] 2289 3526

Puay Khoon Lee


Tel: +[852] 2289 3828

David Smith

Senior Advisor

Tel: +[852] 2289 5802

Puay Khoon Lee


Tel: +[852] 2289 3828

Follow us