The Hong Kong Inland Revenue Department (IRD) has published an updated list of Qualifying Debt Instruments (QDIs) as at the end of 31 March 2021. The list contains: QDIs issued before 1 April 2018, including: short and medium term QDIs that are intended to be eligible for Profits Tax concession (i.e., chargeable at 50% of the normal profits tax rate) in accordance with s.14A(1) of the Inland Revenue Ordinance; and long term QDIs that are intended to be eligible for Profits Tax exemption in accordance with s.26A of the Inland Revenue Ordinance as from the year of assessment 2003/04; and...