author_orbitax
Orbitax

Share This Article

Hong Kong Announces Bill for Tax Certainty Enhancement Scheme on the Non-Taxation of Onshore Gains on the Disposal Of Equity Interests

19 October 2023

|

Proposed Changes

|

Hong Kong

The Hong Kong Inland Revenue Department has announced the Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Bill 2023, which provides for the introduction of a tax certainty enhancement scheme to provide greater certainty of the non-taxation of onshore gains on the disposal of equity interests that are of a capital nature. --- Gazettal of Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Bill 2023 The Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Bill 2023 will be gazetted on October 20 and introduced into the Legislative Council on November 1....