Released on 16 April 2025, Committee Stage Amendments to the draft bill to implement BEPS 2.0 relax the general anti-avoidance rule with additional safeguards.Various positive amendments are proposed to alleviate compliance burdens and provide more tax certainty. The statute of limitations and punitive actions are also reduced. Hong Kong issued the Committee Stage Amendments , on 16 April 2025, to address concerns that stakeholders had raised regarding a draft bill to implement Pillar Two of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 initiative. (For background, see EY Global Tax Alert, Hong Kong publishes...