In our May 2022 Issue of Newsletter, we will discuss certain tax issues addressed in the 2021 Annual Meeting between the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and the Inland Revenue Department (“IRD”). 2.  Taxation of financial instruments - Interaction between source and fair value taxation Regarding the non-taxability of investment income, tools like unified fund exemption, offshore

Taxation of financial instruments – Interaction between source and fair value taxation