The Hong Kong Inland Revenue Department has issued a release welcoming the jurisdiction's removal from the EU non-cooperative jurisdiction grey list (Annex II). The grey list contains jurisdictions that have committed to taking certain actions to address EU concerns and avoid being listed as non-cooperative (Annex I). --- HKSARG welcomes EU's removal of Hong Kong from watchlist on tax co-operation The Hong Kong Special Administrative Region (HKSAR) Government today (February 20) welcomed the removal of Hong Kong from the European Union (EU)'s watchlist on tax co-operation in recognition of Hong Kong's efforts in ensuring that its foreign-sourced income exemption (FSIE)...