Hong Kong Inland Revenue Provides Additional FAQs on Foreign-Sourced Income Exemption

The Hong Kong Inland Revenue Department has published additional FAQs on the Foreign-Source Income Exemption (FSIE) regime. The FSIE regime, which entered into force on 1 January 2023, allows tax exemptions for specified foreign-sourced passive income received in Hong Kong by relevant MNE entities provided that certain exemption conditions are met, including economic substance requirements. Th…
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