Certificate of Resident Status (CoR) for Individuals and Special Arrangement under COVID-19

In our September 2022 Issue of Newsletter, we will discuss Hong Kong Tax Update on COVID-19 and two recent prosecuted tax evasion cases published by the Inland Revenue Department (“IRD”).1.  Certificate of Resident Status (CoR) for Individuals and Special Arrangement under COVID-19Individuals who are temporarily living abroad during COVID-19 is not likely to lose its Hong Kong Tax Residency StatusIn

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Certificate of Resident Status (CoR) for Individuals and Special Arrangement under COVID-19

Tax Relief Conditions proposed by the Hong Kong Tax Authority due to COVID-19 circumstances

The IRD has expressed its view on the approach in relation to the tax issues arising from the COVID-19 Pandemic, which generally is in line with the Updated COVID-19 Tax Treaty Guidance and the COVID-19 Transfer Pricing Guidance released by the OECD.Tax IssuesViews of the Hong Kong Inland Revenue Department (“the IRD”)Tax Residence (Corporate / Individual)Temporary stay due to restrictions

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Tax Relief Conditions proposed by the Hong Kong Tax Authority due to COVID-19 circumstances