05 January 2018 Hong Kong introduces tax and transfer pricing legislation to counter Base Erosion and Profit Shifting The Government of Hong Kong Special Administrative Region (the Government) published in its Official Gazette on December 29, 2017, an amendment bill (Inland Revenue (Amendment) (No. 6) Bill 2017) for further reading at the Legislative Council (LegCo) (Amendment Bill No. 6). The main objectives of the Amendment Bill No. 6 are to codify certain transfer pricing principles into the Inland Revenue Ordinance and to implement the Minimum Standards released in the Consultation Report on Measures to Counter Base Erosion and Profit Shifting (BEPS) dated July 31, 2017. Document ID: 2018-0031 |
