Hong Kong Implements BEPS Minimum Standards

Hong Kong Implements BEPS Minimum Standards

The Hong Kong Government today gazetted the Inland Revenue (Amendment) (No.6) Ordinance 2018, to implement the minimum standards agreed under the base erosion and profit shifting (BEPS) project and to codify the transfer pricing principles into the Inland Revenue Ordinance (Cap. 112).Continue Reading

Hong Kong, French Tax Administrations to Exchange CbC Reports

Hong Kong Bill implements transfer pricing, BEPS rules

On January 15, 2018, the Government of Hong Kong announced that it has entered into a bilateral arrangement with France to automatically exchange country-by-country (CbC) reports filed by multinational corporations.Continue Reading

Hong Kong Implements Country-by-Country Reporting Requirement

Hong Kong Bill implements transfer pricing, BEPS rules

On December 29, 2017, Hong Kong gazetted the Inland Revenue (Amendment) (No. 6) Bill, 2017, which provides for an implementation framework for country-by-country (CbC) reporting in Hong Kong.Continue Reading

Hong Kong Gazettes Transfer Pricing Changes

Hong Kong Bill implements transfer pricing, BEPS rules

On December 29, 2017, Hong Kong gazetted the Inland Revenue (Amendment) (No. 6) Bill, 2017, which codifies transfer pricing principles into the Inland Revenue Ordinance (Cap. 112) and implements the OECD’s BEPS minimum standards.Continue Reading