Hong Kong launches consultation on Pillar Two measures

04 January 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, BEPS 2.0|Hong Kong

A consultation was launched on the implementation of global minimum tax and minimum top-up tax in Hong Kong starting from 1 January 2025.
The rules are designed to align with the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting Pillar Two Global Anti-Base Erosion (GloBE) model rules.
The government will strive to maintain Hong Kong's tax competitiveness and has proposed business-friendly features when formulating the legislative proposal.

On 22 De…

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.