The Hong Kong Inland Revenue Department has published a further revision of Departmental Interpretation and Practice Notes (DIPN) No. 28 on provisions relating to the deduction of foreign taxes. Although the latest version is still dated July 2019, it includes certain changes as compared to the version first published in July.
One of the changes in the latest revision is the addition of the following under the section on tax on profits or income: foreign taxes on profits or income (e.g. wi…