PRESS RELEASE

(Source : Information Services Department)

Hong Kong signs agreements with six jurisdictions on automatic exchange of financial account information in tax matters

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     Hong Kong signed agreements yesterday with six more jurisdictions, namely Belgium, Canada, Guernsey, Italy, Mexico and the Netherlands, for conducting automatic exchange of financial account information in tax matters (AEOI), a Government spokesman said today (March 17).

     "We have been seeking to expand Hong Kong's AEOI network with our 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," the spokesman said.

     The Government will later amend the list of "reportable jurisdictions" under the Inland Revenue Ordinance so as to include the jurisdictions concerned in the list.

Ends/Friday, March 17, 2017
Issued at HKT 10:45

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