Hong Kong Enacts Global Minimum Tax Ordinance and Updates Guidance Including Rules on Mandatory Electronic Filing
The Inland Revenue Department published updated guidelines on the Global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups, dated 6 June 2025. The update follows the enactment of the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Ordinance 2025 on 6 June 2025, which provides for the introduction of a 15% global minimum tax in line wi…
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