Hong Kong tax review 2025
Despite a challenging and uncertain environment in 2025, Hong Kong has demonstrated considerable resilience by promoting reforms and embracing new opportunities in a dynamic global landscape.
As part of its commitment to international tax cooperation, Hong Kong has implemented the Pillar Two global minimum tax and Hong Kong minimum top-up tax (HKMTT), thereby aligning itself with the international tax community’s pursuit of a fairer global tax system while safeguarding Hong Kong’s taxing rights. Furthermore, in December, the Government launched a consultation on implementing the Crypto-Asset Reporting Framework (CARF) and amending the Common Reporting Standard (commonly referred to as CRS 2.0) in Hong Kong, underscoring its commitment to strengthening international cooperation and addressing cross-border crypto-asset tax evasion.
The Hong Kong Tax Review 2025 summarises the significant tax updates in 2025 and previews the upcoming tax developments in 2026.
Landmark tax developments in 2025
- Global minimum tax and HKMTT take effect
- Mandatory e-filing and other tax digitalisation reforms
- Proposed enhancement of maritime service tax concessions and introduction of commodity trading tax concession
- Inward company re-domiciliation regime takes effect
- Consultation on the implementation of the CARF and CRS 2.0 in Hong Kong
Other significant tax updates in 2025
- Latest status of Hong Kong tax treaty network
- Guidance revised/issued by the Inland Revenue Department (IRD)
- Advance ruling cases issued by the IRD
- Update on Hong Kong profits tax cases
- Update on Hong Kong stamp duty cases
- Hong Kong salaries tax developments
Contact us
