Oxford DMCC News - Hong Kong’s First Tax Information Exchange Agreement Was Signed with the USA

June 23, 2014 1:15 pm
Night-New-York

Highlights

Hong Kong and the US signed a TIEA (tax information exchange agreement) on 25th March 2014. The agreement is the first of its nature and kind signed by Hong Kong. The agreement allows for the free exchange of tax information between Hong Kong and the US upon request. The HK-US TIEA is set to undertake the provision of the necessary legal basis for HK to be in a position of providing , upon request by the US, certain information that requires to be reported by financial institutions in Hong Kong to the US under the FATCA (Foreign Account Tax Read More