Arab Today, arab today hong kong supports tax information exchange standard
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

Hong Kong supports tax information exchange standard

Arab Today, arab today

Arab Today, arab today Hong Kong supports tax information exchange standard

Hong Kong supports tax
Hong Kong - XINHUA

China's Hong Kong Special Administrative Region government supports the new global standard for automatic exchange of financial account information which can enhance tax transparency and combat cross-border tax evasion, Secretary for Financial Services and the Treasury KC Chan said here Monday.
"It is crucial for Hong Kong to adopt the latest global standard on tax transparency in order to maintain our international reputation and competitiveness as an international financial and business center," he said.
The Organization for Economic Co-operation and Development in July released a common standard for automatic exchange of financial account information in tax matters, calling on governments to obtain account information from their financial institutions and exchange that information automatically with the account holders' residence jurisdictions annually.
Hong Kong is committed to implementing the new global standard on a reciprocal basis with partners, which meet relevant privacy protection, confidentiality and proper use of data requirements.
"The HKSAR government will go through the usual due process of engaging relevant stakeholders, addressing relevant policy and legal issues involved, and seeking the Legislative Council's approval of the legislation required to implement the new global standard," Chan said.
The first automatic information exchanges are expected to start by the end of 2018.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong supports tax information exchange standard Arab Today, arab today hong kong supports tax information exchange standard

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong supports tax information exchange standard Arab Today, arab today hong kong supports tax information exchange standard

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday