OrbitaxHong Kong Legislative Council Approves Bill for Refinement of Foreign-Sourced Income Exemption Regime in Relation to Capital Gains
|Approved Changes|Hong Kong
The Hong Kong Inland Revenue Department has announced the approval of the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023, which includes amendments to refine Hong Kong's new foreign-sourced income exemption (FSIE) regime. The new FSIE regime, which entered into force on 1 January 2023, allows tax exemptions for specified foreign-sourced passive income receive…
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