Wednesday, October 06, 2021

HKSAR Government responds to inclusion of Hong Kong in EU's watchlist on tax co-operation

The European Union (EU) on October 5 announced the inclusion of Hong Kong in its watchlist on tax co-operation as it considered that the non-taxation of certain foreign sourced passive income in Hong Kong might lead to situations of "double non-taxation". 

The Government of the Hong Kong Special Administrative Region (HKSAR) responded to media enquiries on the announcement. 

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