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Hong Kong Publishes Amendment Ordinance on Reportable Jurisdictions for Automatic Exchange of Financial Account Information

19 June 2017

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Treaty Development

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Hong Kong

The Hong Kong Government has announced that the Inland Revenue (Amendment) (No. 2) Ordinance 2017 (Amendment Ordinance) was published in the Official Gazette on 16 June 2017. The Ordinance, which will come into operation on 1 July 2017, amends the definition of reportable jurisdiction for the purpose of automatic exchange of financial account information (AEOI) and adds the 75 reportable jurisdictions previously announced, including 13 confirmed AEOI partners and 62 prospective AEOI partners. The 62 prospective AEOI partners include the following three categories: Jurisdictions which have expressed an interest in conducting AEOI with Hong Kong to the OECD or jurisdictions...