The Hong Kong Inland Revenue Department (IRD) has published an updated list of Qualifying Debt Instruments (QDIs) as at the end of 31 December 2021. The list contains:

• QDIs issued before 1 April 2018, including:
  • short and medium term QDIs that are intended to be eligible for Profits Tax concession (i.e., chargeable at 50% of the normal profits tax rate) in accordance with s.14A(1) of the Inland Revenue Ordinance; and
  • long term QDIs that are intended to be eligible for Profits Tax exemption in accordance with s.26A of the Inland Revenue Ordinance as from the year of assessment 2003/04; and
• QDIs issued on or after 1 April 2018 that are intended to be eligible for Profits Tax exemption in accordance with s.14A(1B) of the Inland Revenue Ordinance as from the year of assessment 2018/19.

Listed QDIs mainly include debt instruments issued by financial institutions and governments in the Asia-Pacific region, as well as a few others.