Hong Kong Tax News Flash

Jan 2010, Issue 2

Legislation enabling Hong Kong to liberalise its exchange of information enacted

The Inland Revenue (Amendment) (No.3) Bill 2009 ("Bill") was passed by the Legislative Council on 6 January 2010. The Bill was enacted as Inland Revenue (Amendment) Ordinance 2010 ("Amendment Ordinance"), which was gazetted on 15 January 2010. The Amendment Ordinance introduces several amendments to the Inland Revenue Ordinance ("IRO") to enable Hong Kong to adopt the more liberal 2004 version of Exchange of Information ("EoI") article endorsed by the Organisation for Economic Co-operation and Development ("OECD") in concluding a comprehensive double taxation agreement ("CDTA").

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Contacts


Peter Yu: Hong Kong Tax Leader; Hong Kong; Tel: +[852] 2289 3122 Email
Tim Leung: Partner; Hong Kong; Tel: +[852] 2289 3055 Email
Reynold Hung: Partner; Hong Kong; Tel: +[852] 2289 3604 Email

Of further interest

Expanding Hong Kong's tax treaty network with the new exchange of information regime (Mar 2010)

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