Hong Kong - Updates on automatic exchange of information
Hong Kong recently signed agreements 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 “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 Government will include the six countries in the list of “reportable jurisdictions” under the Inland Revenue Ordinance.