The Hong Kong Inland Revenue Department has published additional FAQs on the Foreign-Source Income Exemption (FSIE) regime. The 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 substance requirements. The following four additional FAQs have been published concerning covered income:
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5. Q: Accordi…