What is FSIE?

Who will be covered?

^ Excludes interest, dividend or equity disposal gain derived by
(1) regulated financial entities from a regulated business; or
(2) entities eligible for preferential tax regimes in Hong Kong (SAR)
It is expected that non-equity capital gains will be included as specified foreign-sourced income effective from 1 January 2024.   

* Adequate number of qualified employees in Hong Kong (SAR) to carry out specified economic activities
* Adequate amount of operating expenditures in Hong Kong (SAR) for carrying out specified economic activities
* Reduced substantial activities test for “pure equity holding entity” (PEHE)
* Permittable outsourcing of the relevant activities conducted in Hong Kong (SAR)

Questions you may now have?

  • Are you covered?
  • Do you earn the subject income?
  • Do any of the exemptions apply?
  • What options are there to minimise the impact?
  • How do you manage any risks?

How can we help?

  • Planning and assessment
  • Implementation
  • On-going compliance

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