• Tax Corner

Automatic Exchange of Information Arrangements ("AEOI") and Common Reporting Standard ("CRS")

On 30 June 2016, the implementation of Automatic Exchange of Information ("AEOI") and Common Reporting Standard ("CRS") in Hong Kong were became effective.

Financial Instituations ("FIs") are required to register with the Hong Kong Inland Revenue Department ("HKIRD") by September 2017 and file the first AEOI returns to the IRD by May 2018. FIs are responsible to monitor their status and procedures for complying with the relevant compliance and reporting obligations under the AEOI regime of HKIRD.

Under the CRS, FIs in a jurisdiction are required to perform due diligence procedures to identify financial accounts held by tax residents of reportable jurisdictions and to collect and furnish the information of such financial accounts to tax authorities in that jurisdiction on an annual basis. In Hong Kong, HKIRD will apply AEOI with the tax authorities of CRS partner jurisdictions on an annual basis.

For more information from HKIRD, please visit the Government website: http://www.ird.gov.hk/eng/tax/dta_aeoi.htm

NOTICE
Holiday Notice: The first day of January 2019
Please note that Atrix will be closed on 1 January (Tuesday), and our service to be resumed on 2 January (Wednesday).

Waiving business registration fees for 2019/20
In Hong Kong 2019-20 Budget, the Financial Secretary proposed a waiver of 2019/20 business registration fees of HKD 2,000.   Read more

The Hong Kong 2021-22 Budget Summary
This year's Budget focuses on stabilising the economy and relieving people's burden. It aims to alleviate the hardship and pressure caused by the economic downturn and the epidemic through the introduction of counter-cyclical measures costing over HKD 120 billion.   Read more

Great News! 10% discount on our trademark service fee for limited time only!
Registration of your IP provides greater protection of your company's brand, goods and services with greater remedies.   Read more