Hong Kong introduces bills on asset disposal gain regimes

01 November 2023|Tax Alerts, Legislation & Policy, National/Federal Taxation, Asset Management|Hong Kong

Two bills were gazetted to further revise Hong Kong's refined foreign-sourced income exemption regime covering asset disposal gains as well as to introduce safe harbor rules for onshore equity disposal gains.
The bills are in line with previously introduced proposals but further relax certain requirements and clarify certain provisions.
Multinational enterprises will want to review their Hong Kong asset profile to assess potential tax implications.

Executive summary

Two bills were gazetted to move f…

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