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Photo by Manson Yim on Unsplash
Gov't to launch tax consultation in March
The gov't plans to enhance the tax certainty of onshore gains.
The government will launch a consultation in mid-March regarding plans to enhance the tax certainty of onshore gains on the disposal of equity interests.
The government said they want to provide clearer guidance as to whether the gains are subject to tax with the initiative.
The Financial Services & the Treasury Bureau explained that the initiative will facilitate businesses in expansion and restructuring through the disposal of equity interests, provide more tax transparency, lower the compliance cost of businesses, and increase the competitiveness of Hong Kong's tax system.
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