Hong Kong Updates Lists of Debt Instruments Eligible for Profits Tax Concessions or Exemption

The Hong Kong Inland Revenue Department (IRD) has published updated lists of Qualifying Debt Instruments (QDIs) as at the end of 31 March 2024. The lists include:

• 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 section14A(1) of the Inland Revenue Ordinance; and
  • long term QDIs that are intended to be eligible for Profits Tax exemption …