Hong Kong To Exchange Information With Portugal And South Africa

The Inland Revenue Department of Hong Kong announced that Hong Kong has signed agreements with Portugal and South Africa for conducting automatic exchange of financial account information in tax matters (AEOI).

Background: Hong Kong Support AEOI

Hong Kong had been indicated its support for implementing AEOI on a reciprocal basis with appropriate partners with a view to commencing the first exchanges by the end of 2018. The signing of the agreements brings the number of Hong Kong's automatic exchange partners in financial account information to 11. The other partners are Belgium, Canada, Guernsey, Italy, Japan, Korea, Mexico, the Netherlands and the UK.

List Of Reportable Jurisdictions

A bill was tabled at the Legislative Council on March 29 seeking to include Hong Kong's newly confirmed partners and prospective ones in the list of "reportable jurisdictions" under the Inland Revenue Ordinance.

The Inland Revenue Department expects to be begin exchanging information automatically in 2018, providing domestic legislation is put in place this year, the Inland Revenue Department of Hong Kong informed.

Source: Hong Kong Government

We Provide Solutions - Let's Talk Business!

Global Events & Webinars

How Much Automation Of Tax Flows Is Possible?
Webinar - Thursday, June 28, 2018 | 4:00 PM - 5:00 PM (CET)

TPA Global Solutions Pack

“One-Stop” Outbound Investment Service to Europe

With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.



Download Leaflet

CFO's Journey from 'Staying Out Of Trouble' to being 'Fully In Control'

TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):

Roadmap for CFO's

Copyright © 2018
Transfer Pricing Associates BV.
All rights reserved.

H.J.E. Wenckebachweg 210
1096 AS Amsterdam
T: +31 20 462 3530
E: info@tpa-global.com
I: www.tpa-global.com