Belgium, Canada, Guernsey, Italy, Mexico and the Netherlands team with Hong Kong to curb tax evasion

hand-shaking

AEOI: Bringing tax authorities together to fight evasion in tax matters.

Hong Kong Governement has been seeking to expand Hong Kong’s AEOI network with worldwide tax treaty partners. The signing of agreements with six more jurisdictions, bringing up the number of Hong Kong’s AEOI partners to a total of nine (including Japan, Korea and the United Kingdom), signifies the Government’s efforts in this drive.

HK signs tax pacts with 6 jurisdictions

March 17, 2017

Hong Kong has signed agreements with six jurisdictions for conducting automatic exchange of financial account information on tax matters.

They are Belgium, Canada, Guernsey, Italy, Mexico and the Netherlands.

They joined Japan, Korea and the UK which have signed such an agreement with Hong Kong, bringing the number of exchange partners to nine.

The Government will put the six places on the list of “reportable jurisdictions” under the Inland Revenue Ordinance.

Source: News from Hong Kong’s Information Services Department of HKSAR Government

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