Hong Kong announces 2023/24 Budget

23 February 2023|Tax Alerts, Legislation & Policy, National/Federal Taxation, OECD, BEPS 2.0|Hong Kong

As announced in the Budget, Hong Kong intends to implement the Global Anti-Base Erosion (GloBE) Rules under Pillar Two of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 project in 2025.
More certainty on onshore non-taxable capital gains on disposal of equity interests will be provided.
A new patent box regime will be introduced and existing aircraft leasing, funds and carried interest tax concession regimes will be reviewed and enhanc…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.