GloBE Country Guide: Hong Kong

Summary

Status	Draft Law
Law	Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 of December 27, 2024
Effective Date	Financial years beginning on or after January 1, 2025
IIR	Yes (2025)
UTPR	To apply from a later date
QDMTT	Yes (2025)
Filing Deadlines	Standard
Safe Harbours	Transitional CbCR Safe Harbour, Transitional UTPR Safe Harbour (when in effect), Simplified Calculations Safe Harbour and the QDMTT Safe Harbour

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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