OrbitaxOrbitax

Hong Kong Report Published Recommending Introduction of Group Loss Relief

|Proposed Changes|Hong Kong
Hong Kong

The Hong Kong Government has announced the release of a report from the Financial Services Development Council that proposes the introduction a group tax loss transfer regime in Hong Kong that would allow for unutilized tax losses of a group company to be transferred and set off against the taxable income of another company within the same corporate group. The key features of the loss transfer regime proposed in the report include:

  • Companies within a wholly owned group (including Hong Kong …

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.