Gazettal of Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021
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The Bill seeks to implement four areas of amendments to the Inland Revenue Ordinance (Cap. 112), namely the tax treatment for amalgamation of companies under the court-free procedures as provided for under the Companies Ordinance (Cap. 622); the tax treatment for transfer or succession of specified assets under certain circumstances; refining the statutory framework for the furnishing of tax returns; and enhancing the foreign tax deduction regime.
The Bill will be introduced into the Legislative Council on March 24.
Ends/Wednesday, March 17, 2021
Issued at HKT 15:57
Issued at HKT 15:57
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