Web9 dec. 2024 · The Hong Kong government circulated a consultation paper in June 2024 and a tax bill was gazetted on October 28 2024 (with subsequent amendments) to implement the revised foreign-sourced income exemption (FSIE) regime from January 1 2024. Web11 nov. 2024 · Summary. The draft legislation on the revised foreign-sourced income exemption (FSIE) regime in the Hong Kong SAR (Hong Kong) was released together …
Hong Kong tax update on foreign-sourced income
WebRefined foreign source income exemption (FSIE) regime was passed in Hong Kong and ... Latest Development of Hong Kong’s Refined Foreign Source Income Exemption Regime. ... Hong Kong Tax Newsletters -2024-10-25 Extended Due Date for "M" Code Returns. INLAND REVENUE DEPARTMENT’S (“IRD”) BLOCK EXTENSION SCHEME … Web3 jul. 2024 · In response to concerns raised by the European Union on the exemption of passive income without particular conditions and requirements, the Hong Kong (SAR) Government recently proposed a revised foreign source income exemption (FSIE) regime.. The revised regime is only applicable to a constituent entity (CE) of a … licorice sliced wedges
Hong Kong Passes Bill For Revised Foreign Source Income Exemption …
Webexemption to foreign tax credit relief. Main purpose rule No participation exemption is available if the main purpose or one of the main purposes of the arrangement or a series … WebThe claim for tax exemption on your offshore income is made in the company’s profits tax return submitted to the Inland Revenue Department(IRD). The first profits tax return of a … Web2 nov. 2024 · 3. “Exempt sums” is defined to include any carriage of goods on a ship registered in Hong Kong (i.e., flying a Hong Kong flag) which is proceeding to sea from Hong Kong (i.e., uplift of goods from Hong Kong and proceeding to international waters) and the taxpayer concerned has met the specified substantial activities requirements. licorice smelling plant with yellow flowers