The Inland Revenue Department updated its guidelines on the Global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups on 8 January 2026. The guidelines have been updated to reflect that Hong Kong has obtained transitional qualified status for its Income Inclusion Rule (IIR), Hong Kong Minimum Top-up Tax (HKMTT), and Qualified Domestic Minimum Top-up Tax (QDMTT) Safe Harbour from 1 January 2025 under the OECD's transitional qualification mechanism for recognition…