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Hong Kong updates tax laws for charities and public trusts

23 Apr
Hong Kong updates tax laws for charities and public trusts Advocate Cyprus CYWORLD

Hong Kong updates tax laws for charities and public trusts

Hong Kong updates tax laws for charities and public trusts

This information was published by Hong Kong Ministry of Internal Revenue. The new tax legislation contains the interpretation and practice of the Department regarding taxation of charities or public trusts and other related matters, including the following sections:

  • The value of charity.
  • Constitution of mercy.
  • Charity Taxation.
  • Charities under Hong Kong jurisdiction.
  • Other tax benefits.
  • Approved Charity Donations.
  • How charity is recognized as a tax-free charity.
  • Overview of tax benefits and tax liabilities.

The new legislation is not peremptory and does not affect a person’s right to object or appeal to the Ombudsman, Review Board, or court.

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.

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