The Hong Kong Inland Revenue Department has announced the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023, which includes amendments to refine Hong Kong's new foreign-sourced income exemption (FSIE) regime. The new FSIE regime, which entered into force on 1 January 2023, allows tax exemptions for specified foreign-sourced passive income received in Hong Kong by relevant MNE entities provided that certain exemption conditions are met, including economic subst…