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Hong Kong introduces bills on asset disposal gain regimes

|Tax Alerts, Legislation & Policy, Na ...|Hong Kong
Hong Kong

  • Two bills were gazetted to further revise Hong Kong's refined foreign-sourced income exemption regime covering asset disposal gains as well as to introduce safe harbor rules for onshore equity disposal gains.
  • The bills are in line with previously introduced proposals but further relax certain requirements and clarify certain provisions.
  • Multinational enterprises will want to review their Hong Kong asset profile to assess potential tax implications.

Executive summary

Two bills were gazetted to move f…

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