IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Mar 2014 | Removal date: open ended
Still in force

Tax or social insurance relief

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 business of offshore risks.
The incentive was motivated as a way to attract foreign enterprises, especially from Mainland China, to set up their captive insurers in Hong Kong.

AFFECTED COUNTRIES

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