Main Menu
Inland Revenue Department Brand Hong Kong


  • Default font size
  • Bigger font size
  • Biggest font size
search
Share IconShare
  Home >  Tax Information - Individuals/Businesses  >  Double Taxation Relief and Exchange of Information Arrangements  >  Automatic Exchange of Financial Account Information  >  AEOI Legislation > Inland Revenue (Amendment) (No. 3) Ordinance 2016

Inland Revenue (Amendment) (No. 3) Ordinance 2016

The Inland Revenue (Amendment) (No. 3) Ordinance 2016 came into effect on 30 June 2016.

This Amendment Ordinance is mainly to –

  1. impose obligations on a reporting financial institution to establish, maintain and apply procedures for, among other things, identifying reportable accounts maintained by the institution;
  2. impose obligations on a reporting financial institution to furnish a return reporting the required information in relation to reportable accounts; and
  3. impose penalty on a reporting financial institution for failing to comply with the obligations mentioned in items (a) and (b) above.

Click here to view full content of this Amendment Ordinance.

Click here to view the Gazette Notice under Section 50I(2) of the Inland Revenue Ordinance (Cap. 112).

Click here to view the Press Release announced on 30 June 2016.

 

back to top