Proposal to refine hong kong’s foreign source income exemption (fsie)
Posted on 02/01/2023
The purpose of the proposal is in response to the EU’s concern over tax exemption for offshore passive income in Hong Kong. To avoid double non taxation of this income, Hong Kong Government propose to treat the following 4 types of passive offshore income as deemed sourced from Hong Kong and chargeable to profits tax under certain circumstances:
1. Interest income
2. Income from intellectual properties
4. Gain on disposal on shares / equity interestThe Audit Serval Group, through its offices on three continents (Europe, Asia, America), supports French and European companies in their international development. In addition to its recognized skills in the field of auditing and accounting support, Groupe Audit Serval provides its customers and prospects with educational tools of a high level of technical quality. These brochures, regularly produced by the firm's international subsidiaries, are available to all companies wishing to better understand the business environment of the countries in which they are present or wish to establish themselves. You can request these brochures free of charge by clicking on "Order this publication".