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BAKER & MCKENZIE: UPDATE ON AUTOMATIC EXCHANGE OF INFORMATION IN HONG KONG
Hong Kong pledged in September 2014 its commitment to adopt the new OECD standard on AEOI and to commence the first information exchanges with appropriate partners by the end of 2018. The commitment is conditioned on enacting the necessary domestic legislation. The Government launched a consultation exercise from April to June 2015 to gauge views on how the AEOI standard should be incorporated into the relevant laws in Hong Kong. More than 40 stakeholders provided feedback on the Government's consultation paper.
If you have any questions on the topics covered or need further clarification on any particular issue, please contact your usual contact at Baker & McKenzie or any of the lawyers listed in the alert.
Please click the link below to download the full version provided by Baker & Mckenzie (Vietnam) Ltd:
The Hong Kong Government Changes its Proposal for the Implementation of Automatic Exchange of Information for Tax Purposes
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