As announced in the Budget, Hong Kong intends to implement the Global Anti-Base Erosion (GloBE) Rules under Pillar Two of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 project in 2025.

More certainty on onshore non-taxable capital gains on disposal of equity interests will be provided.

A new patent box regime will be introduced and exis…