Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.
January 25, 2023A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.
November 2, 2022The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.
October 19, 2022Financial Secretary Paul Chan said this week that "bold reforms" are in the pipeline to attract talent and enterprises to the city.
September 30, 2022Authorities are considering a system under which crypto asset issuers would only be taxed when profits are generated, and not based on unrealised gains.
August 31, 2022VC and PE firms can obtain tax exemptions for investments in certain target industries until 2032.
August 23, 2022The guidelines will help to standardise banks' practices for valuing financial instruments and improve the comparability of reported financial indicators.
August 16, 2022A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.
July 15, 2022The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022National low-carbon transition funds will be established and existing government investment funds will help to facilitate decarbonisation.
June 3, 2022