Lewis Lu and John Timpany of KPMG China discuss the draft legislation for implementing the concessionary tax regime for family-owned investment holding vehicles managed by a single family office in Hong Kong SAR.
Lewis Lu and John Timpany of KPMG China discuss a court judgment on a refund of excessive tax reserve certificates purchased together with interest in an unsettled tax dispute case.
John Timpany of KPMG China provides an overview of the foreign-sourced income exemption regime scheduled to become effective from January 1 2023 and discusses what actions businesses should take to prepare for it.
Lewis Lu and John Timpany of KPMG China discuss the Inland Revenue Department’s interim arrangement that enhances taxpayers’ certainty on their compliance with the economic substance requirements under the revised foreign-sourced income exemption regime.
Lewis Lu and John Timpany of KPMG China discuss Hong Kong SAR government’s open letter which indicated the deferral in implementation of global minimum tax under BEPS 2.0 in Hong Kong SAR.
Lewis Lu and John Timpany of KPMG China discuss a recent court judgment in Hong Kong on stamp duty relief relating to an intra-group share transfer involving foreign LLPs.
