Hong Kong’s Foreign-Sourced Income Exemption (FSIE)

WEBINAR:

2024 LATEST UPDATE on Foreign Sourced Income Exemption (FSIE)

Learn about the 2024 update of FSIE
- Dividend Income is no longer 100% non-taxable in Hong Kong
- Economic Substance in Hong Kong is very important !

September 12, 2024 (Thu)
(i) 3:30PM (HKT) English session
(ii) 5:00PM (HKT) Cantonese session

Why choose us ?

Foreign Sourced Income Exemption (FSIE) Tax Updates

Are you receiving offshore dividend income, interest income, disposal gain and Intellectual Property (IP) income? Have you maintained sufficient economic substance in Hong Kong? Do you know the definition of "received in Hong Kong"?

Practical Tips in Advance Ruling Application - FSIE

If you fail in fulfilling requirement under FSIE regime, your offshore passive income could be subject to Hong Kong Tax of 16.5%. It is important to obtain certainty on 0% tax rate in Advance Ruling Application. It is valid up to 5 years.

1 CPD Hour (Accounting)

Attendance certificate will be provided upon request for claiming CPD credits from HKICPA.

Our Articles

2023 UPDATED GUIDE TO FSIE (FOREIGN-SOURCED INCOME EXEMPTION REGIME)

"To address tax avoidance and double non-taxation, the Foreign-Sourced Income Exemption (FSIE) regime has been introduced in Hong Kong. The move was prompted by Hong Kong’s inclusion in a 2021 watchlist by the European Union (EU), which identified Hong Kong as one of the jurisdictions with potentially harmful tax regimes. The FSIE regime, effective from 1 January 2023, aims to enhance economic substance requirements and anti-abuse rules..."

ONC REVEALS HOW THE FOREIGN-SOURCED INCOME EXEMPTION REGIME IS A RADICAL CHANGE TO THE SOURCE CONCEPT OF HONG KONG’S TAXATION SYSTEM

''' The HKSAR Government will be introducing a Foreign-Sourced Income Exemption (FSIE) regime, with a target enforcement date of 1 January 2023. The new FSIE regime will have a significant impact on the source concept of Hong Kong's taxation system. Hong Kong has long been famous for its territorial-based principle of taxation, in which non–Hong Kong sourced income is not subject to Hong Kong Profits Tax. However, as this could give rise to double non-taxation on a project, such a tax treatment principle is deemed to be harmful to international tax standards and has recently aroused great concern from the European Union (EU) ... ''

Our Video

Meet The Speaker

HENRY KWONG

Senior Tax Advisor

As a qualified Certified Public Accountant (CPA) and Chartered Tax Advisor (CTA), Henry has worked in the tax department of a Big 4 CPA firm and then as a Tax Partner in a reputable CPA firm, serving as the principal tax advisor for over 80 listed corporations in Hong Kong.

About ONC Lawyers

ONC Lawyers is a professional and dynamic legal practice based in Hong Kong. With continuous growth since our establishment in 1992, we have now become one of the largest domestic law firms with more than 130 members of legally-qualified and supporting staff. ONC Lawyers have been recognized by AsiaLaw Profiles as a “Highly Recommended Law Firm” in Hong Kong, and are also lauded by Chambers and Partners as a “Leading Firm”. We received the “Debt Market Deal of the Year” Award in the Macallan ALB Hong Kong Law Awards 2018.

September 12, 2024 (Thu)
(i) 3:30PM (HKT) English session
(ii) 5:00PM (HKT) Cantonese session

The webinar will start in:

Days

Hours

Minutes

Seconds

English session

3:30 - 4:30 PM

Cantonese session

5:00 - 6:00 PM

If you have any questions about the seminar or FSIE, you can contact us at marketing@henrykwongtax.com or +852 5600 1980