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  • Sponsored by KPMG Hong Kong
    In recent years, there have been various accounting changes which have had significant tax implications on how certain items are accounted for and potentially taxed. The two main changes in Hong Kong have been HKFRS 9 (affecting financial instruments) and HKFRS 16 (leases).
  • Sponsored by KPMG Hong Kong
    In July 2018, transfer pricing (TP) legislation – Inland Revenue (Amendment) (No 6) Bill 2017 (BEPS Bill) – was passed in Hong Kong. This represents one of the biggest changes to Hong Kong tax in recent years. Many of the provisions within the BEPS Bill will have retrospective effect from the year of assessment 2018/19. The notable amendments to the initial proposal are:
  • Sponsored by KPMG Hong Kong
    In recent years, the Hong Kong government has introduced various incentives to bolster Hong Kong as an international finance centre by extending the offshore funds exemption and special purpose vehicle (SPV) exemption.