Hong Kong Publishes Enhanced Interest Deduction Rules for Intra-Group Financing and a Concessionary Profits Tax Rate for Corporate Treasury Centers
On 4 December 2015, the Hong Kong government published draft legislation that would enhance interest deduction rules for intra-group financing and introduce a concessionary profits tax rate for corporate treasury centers equal to 50% of the standard rate (i.e. 8.25%).
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The Government published in the Gazette today (December 4) the Inland Revenue (Amendment) (No. 4) Bill 2015, which aims to…
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