The Financial Services and the Treasury Bureau (FSTB) published the Consultation Paper on the proposed implementation of the global minimum tax and the domestic minimum top-up tax in Hong Kong.
The paper explains the global anti-base erosion rules promulgated by the OECD, and seeks views on the specific implementation issues including the tax compliance and administration framework in Hong Kong.
Please read the Consultation Paper HERE and provide any comments on or before Friday 2 February 2024 with membership numbers and contact details to research@hkcgi.org.hk. Depending on views received by the Institute, if any, the Institute may consider making a submission.