Hong Kong Issues Practice Notes on Interest Deduction Rules for Intra-Group Financing and Concessionary Profits Tax Rate for Corporate Treasury Centers

On 9 September 2016, Hong Kong Inland Revenue issued Departmental Interpretation and Practice Notes No. 52 - Taxation of Corporate Treasury Activity, which covers the new interest deduction rules for intra-group financing and concessionary profits tax rate for corporate treasury centers as approved in Inland Revenue (Amendment) (No. 2) Ordinance 2016. The Ordinance enables, under specified cond…
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