On 4 December 2015, the Hong Kong government published draft legislation that would enhance interest deduction rules for intra-group financing and introduce a concessionary profits tax rate for corporate treasury centers equal to 50% of the standard rate (i.e. 8.25%).
---
The Government published in the Gazette today (December 4) the Inland Revenue (Amendment) (No. 4) Bill 2015, which aims to enhance the existing interest deduction rules for the intra-group financing business of corporation…