Hong Kong has signed agreements with Portugal and South Africa for conducting automatic exchange of financial account information in tax matters (AEOI), a Government spokesman said.
"We have been seeking to expand Hong Kong's AEOI network with our tax treaty partners. The signing of agreements with Portugal and South Africa, bringing up the number of Hong Kong's AEOI partners to a total of 11 (including Belgium, Canada, Guernsey, Italy, Japan, Korea, Mexico, the Netherlands and the United Kingdom), signifies the Government's efforts in this drive," the spokesman said. The Government introduced the Inland Revenue (Amendment) (No. 3) Bill 2017 into the Legislative Council on March 29. The Bill seeks to include Hong Kong's newly confirmed AEOI partners as well as prospective ones in the list of "reportable jurisdictions" under the Inland Revenue Ordinance.
Back to news
Latest Immigration Videos
Chris and Bonnie at Prism have been an absolute pleasure to work with. They clearly explained the application process, assisted in drafting necessary documents and were always available to address any questions or concerns. We couldn't have asked for better consultants.
Director, Organic Modernism Limited
14/F, Tung Wai Commercial Building, 109-111 Gloucester Road, WanChai
+852 3464 5200