The Hong Kong Inland Revenue Department (IRD) has published updated lists of Qualifying Debt Instruments (QDIs) eligible for profits tax concession or exemption as at the end of 31 December 2025. Notably, the update now also includes sovereign bonds eligible for profits tax exemption.
The QDI lists include:
- QDIs issued before 1 April 2018, including:
- short and medium term QDIs that are intended to be eligible for Profits Tax concession (i.e., chargeable at 50% of the normal profits tax rat…