Hong Kong: Updated AEOI self-certification template for “controlling persons”

Updated template includes a new threshold requirement

Updated template includes a new threshold requirement

The Inland Revenue Department (IRD) released an updated self-certification template for “controlling persons.”

The IRD earlier this year amended Section 50A of the Inland Revenue Ordinance to expand the definition of a “controlling person” by removing the 25% threshold that was previously applicable to partnerships and trusts. The updated template includes the new threshold requirement that states “with effect from 1 January 2021, the specified percentage is 25% in relation to a corporation; and 0% in relation to a partnership.”

The IRD has also released a guide explaining the terms and expressions used in the self-certification forms.

Read an August 2021 report [PDF 140 KB] prepared by KPMG LLP


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