The new regime will mainly affect shell companies set up by MNE groups. The tax impact on companies with existing operations in Hong Kong would not be significant. Most likely, they will only be subject to additional tax compliance requirements. Meanwhile, with the amendments to the FSI...
The CEs in Hong Kong will each have a top-up tax return filing obligation, which will be a single return for both the GloBE Rules and HKMTT. Groups may specify one entity to make a single filing on behalf of all entities in order to discharge their obligation. However, the filing o...
These jurisdictions are those which are not currently undergoing a reform of their FSIE regimes but would be required to do so as a result of the EU’s updated guidance on FSIE regimes to cover all types of disposal gains. Please ref...