Tax concession introduced for captive insurance companies
Tax concession introduced for captive insurance c...
Hong Kong Tax Alert - Issue 1, January 2014
Legislation was introduced into the Legislative Council on 8 January 2014 to provide a profits tax concession to captive insurance companies for profits from their business of insurance of offshore risks. Such profits are to be chargeable to profits tax at one-half of the normal rate, that is, 8.25 percent.