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Hong Kong publishes draft legislation for inward company re-domiciliation

|Tax Alerts, Legislation & Policy, Na ...|Hong Kong
Hong Kong

  • A draft bill has been published that would implement an inward company re-domiciliation regime in Hong Kong.
  • A re-domiciled company will be regarded as a Hong Kong-incorporated company, hence facilitating access to tax treaties and application of the proposed Pillar Two rules.
  • The re-domiciliation itself should not trigger Hong Kong profits tax or stamp duty. Unilateral tax credits will be available…

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