Webinar: Hong Kong’s foreign-sourced income exemption regime: refinements and updates

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Webinar: Hong Kong’s foreign-sourced income exemption regime: refinements and updates

Sponsored by

sponsored-firms-kpmg.png
Article image.png

Join ITR and KPMG China at 5pm Beijing time (9am GMT) on December 12 2023 to hear about the most recent changes to the foreign-sourced income exemption regime

The foreign-sourced income exemption (FSIE) regime, which became effective on January 1 2023, is one of the biggest changes in the basic tenor of taxation in Hong Kong’s history. An amendment bill to expand the scope of assets covered under the FSIE regime was gazetted on October 13 2023. This change should be coupled with amendments to the Hong Kong Inland Revenue Ordinance enhancing the tax certainty in connection with onshore qualified equity disposal gains that were gazetted on October 20 2023.

In this webinar, John Timpany and Eugene Yeung, respectively the head of tax and a tax partner at KPMG China, will discuss what they have observed in the 11 months since the enactment of the FSIE regime, and the features of the proposed changes to the law. They will also share insights on actions that may be required before year end.

Sign up now for this free webinar and hear how the changes to the FSIE regime could affect your organisation.

more across site & shared bottom lb ros

More from across our site

Hotel La Tour had argued that VAT should be recoverable as a result of proceeds being used for a taxable business activity
Tax professionals are still going to be needed, but AI will make it easier than starting from zero, EY’s global tax disputes leader Luis Coronado tells ITR
AI and assisting clients with navigating global tax reform contributed to the uptick in turnover, the firm said
In a post on X, Scott Bessent urged dissenting countries to the US/OECD side-by-side arrangement to ‘join the consensus’ to get a deal over the line
A new transatlantic firm under the name of Winston Taylor is expected to go live in May 2026 with more than 1,400 lawyers and 20 offices
As ITR’s exclusive data uncovers in-house dissatisfaction with case management, advisers cite Italy’s arcane tax rules
The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
Taylor Wessing, whose most recent UK revenues were £283.7m, would become part of a £1.23bn firm post combination
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap
An EY survey of almost 2,000 tax leaders also found that only 49% of respondents feel ‘highly prepared’ to manage an anticipated surge of disputes
Gift this article