On 24 March 2021, the Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021 was introduced in Hong Kong's Legislative Council for its first reading. The Bill includes proposals to implement four areas of amendments in the Inland Revenue Ordinance (IRO) as follows: Tax treatment for amalgamation of companies under court-free procedures With respect to the tax treatment for the amalgamation of companies under the court-free procedures, the Inland Revenue Department (IRD) makes assessments on qualifying amalgamation cases in accordance with an assessment practice published on IRD's website. While the interim administrative assessment practice has been implemented smoothly since its publication, it...