The Hong Kong government announced on 8 June 2017 that an agreement has been signed with Ireland for the automatic exchange of financial account information in tax matters. Under the agreement, Hong Kong and Ireland will automatically exchange information on accounts held in their respective jurisdiction by tax residents of the other jurisdiction based on the OECD Common Reporting Standard (CRS).
The announcement also notes that the Government plans to extend the application of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters to Hong Kong, with an amendment bill for this purpose to be introduced into the Legislative Council in late 2017.
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