Global Trade Alert
Global Trade Alert

Hong Kong: Tax incentives on profits from offshore risks of captive insurers

Announcement

19 Mar 2014

In March 2014, the government of Hong Kong announced a targeted tax change.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

19 Mar 2014

Revocation date:

No revocation date

Tax or social insurance relief In force

On 19 March 2014, Hong Kong's Legislative Council passed the Inland Revneue (Amendment) Bill 2013 which provides "Captive Insurers" a 50 percent reduction on the tax on profits from the insurance busi...

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