Legislative Council passes Bill to allow Hong Kong to enter into tax information exchange agreements (TIEAs)
Legislative Council passes Bill to allow Hong Kon...
Hong Kong Tax Alert - Issue 14, July 2013 T
The Inland Revenue (Amendment) (No. 2) Bill 2013 was passed by the Legislative Council on 10 July 2013. The Bill allows Hong Kong to enter into TIEAs, which are stand alone agreements on tax information. The Bill also enhances the existing exchange of information (EoI) arrangements under a comprehensive double taxation agreement (DTA). This will allow information exchanged to be used for other non-tax related purposes provided such use is permitted under the laws of both jurisdictions and the competent authority of the supplying party authorises such use.
© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.