The Hong Kong Government has issued a release on the status of the automatic exchange of financial account information, which Hong Kong intends to begin exchanging from September 2018. The release notes that, to date, Hong Kong has signed bilateral exchange agreements with 11 jurisdictions and is planning to sign with 30 more. It also notes that Hong Kong is actively considering the possibility of extending the application of the Convention on Mutual Administrative Assistance in Tax Matters to Hong Kong in order to expand the exchange network more quickly. Although not clarified in the release, it is possible the Convention could be extended to Hong Kong as a territory of China (in force since February 2016).
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.