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Hong Kong Tax Mid-year Update

Chi Wing Lam & Gwenda Ho share the latest Hong Kong developments in the first half of 2018, with main focus on the following legislation / draft legislation

·      Inland Revenue (Amendment) (No. 6) Ordinance 2018 on BEPS and Transfer Pricing (particularly highlighting key changes from the original bill released in late 2017)·      Inland Revenue (Amendment) (No. 3) Ordinance 2018 on two-tier profits tax rates

·      Inland Revenue (Amendment) (No. 3) Bill 2018 on enhanced R&D tax deduction

·      Inland Revenue (Amendment) (No. 5) Bill 2018 on personal assessment, and other matters