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Hong Kong publishes consultation outcome on Pillar Two measures

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Hong Kong

  • The consultation outcome was published on the implementation of global minimum tax and minimum top-up tax in Hong Kong.
  • The Income Inclusion Rule and domestic minimum top-up tax will be effective from 1 January 2025, while the Undertaxed Profits Rule will be postponed.
  • A new definition of Hong Kong-resident entity will be introduced, but it is not expected to affect the tax liability or other obliga…

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