Executive summary
The Hong Kong Government introduced the Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021 (the Bill) on 19 March 2021, which addresses the tax implications of court-free amalgamations of companies.1 Subject to the passage of the Bill by the Legislative Council, the provisions of the Bill will be in effect on or after the date when the law is enacted.
This Alert summarizes the key provisions of the Bill.
Detailed discussion
The key provisions of the proposed tax t…