No Match Found
The year in review: Hong Kong remains determined to enhance international tax cooperation and competitiveness amid challenges.
The world has continued to navigate through rough waters in 2022. While faint light has been spotted at the end of the COVID-19 tunnel, signs of resilience and growth have been clouded by various uncertainties. Despite these challenges, the international tax community is more than ever committed to enhancing international tax cooperation, with the OECD pressing ahead with the finalisation of the two-pillar solution under BEPS 2.0. Meanwhile, Hong Kong has brought about revolutionary changes to its foreign-sourced income exemption (FSIE) regime to combat cross-border tax evasion and prevent double non-taxation, and has further refined the tax system to enhance Hong Kong’s competitiveness.
The Hong Kong Tax Review 2022 summarises the significant tax updates in 2022 and previews the upcoming tax developments in 2023.