25.09.2014. Hong Kong Supports New OECD Tax Info Standard


On September 15, the Government indicated Hong Kong’s support for the new global standard on automatic exchange of information for the purpose of enhancing tax transparency and combating cross-border tax evasion.

Hong Kong is committed to implementing the new global standard on a reciprocal basis with appropriate partners which can meet relevant requirements on protection of privacy and confidentiality of information exchanged and ensuring proper use of the data. According to the latest timeline allowable by the Global Forum, the first automatic information exchanges are to commence by the end of 2018.