Hong Kong - change of offshore regime for passive income (FSIE)

In October 2022, Hong Kong is going to release final rules on taxation of foreign-sourced passive income with effect from 1 January 2023. This follows a requirement from the European Union after they announced to add Hong Kong on its watchlist on tax cooperation last year. Despite its territorial system, Hong Kong will deem taxable certain types of income, including interest, dividends, capital gains and royalties when received in Hong Kong if certain requirements could not be met. Gain insights from Deloitte professionals as they address what income may be taxed and what routes remain to keep income “Offshore”, applicability of rules, its exemptions and update on Hong Kong’s approach to minimum tax.
(Live presentation was aired on 24 November 2022)
www.deloitte.com/ap/dbriefs