Offshore Trust Tax Declaration Transition Period Ends October 22, Late Fees Will Be Charged for Overdue Declarations
The transition period for offshore trust tax filing ends on October 22. Late fees will be imposed for overdue filings.
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Policy and Budget Latest activity
Policy measures and the Budget of the HKSAR Government.
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Policy and Budgetrelated updates
News Search: China Individual Income Tax on Overseas Income and CRSAI Score4747 HKMA: Press ReleasesAI Score3232 The Ministry of Finance Issues RMB Sovereign Bonds Through the Hong Kong Monetary Authority's Central Moneymarkets Unit
The Ministry of Finance will issue RMB sovereign bonds through the Central Moneymarkets Unit under the Hong Kong Monetary Authority. The tender announcement, tender information memorandum, and relevant tender documents for this issuance have been attached to the press release for market participants' reference.
Read originalNews Search: China Individual Income Tax on Overseas Income and CRSAI Score3030 Offshore Trust Tax Declaration Transition Period Ends October 22, Late Fees Will Be Charged for Overdue Declarations
The transition period for offshore trust tax declarations will end on October 22, and late fees will be charged to entities that fail to complete declarations by the deadline.
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News Search: China Individual Income Tax on Overseas Income and CRSAI Score3333 State Taxation Administration Issues Reminder on Offshore Trust Tax Declaration
The State Taxation Administration has issued a reminder regarding offshore trust tax filing. This reminder was published by Beijing News, and further specific filing requirements, scope of application, and other details have not been disclosed at this time.
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Hong Kong Inland Revenue Department: Latest NewsAI Score5050 Hong Kong Inland Revenue (Amendment) (Tax Deduction for Intellectual Property Expenditure) Bill 2026 Published in Gazette
The Hong Kong SAR Government published the Inland Revenue (Amendment) (Tax Deduction for Intellectual Property Expenditure) Bill 2026 in the Gazette on October 16, relaxing tax deduction arrangements for relevant capital expenditures incurred by enterprises in acquiring eligible intellectual property or obtaining licenses to use it.
Read originalGovernment News Network: FinanceAI Score5252 Hong Kong releases Inland Revenue (Amendment) (Tax Deduction for Intellectual Property Expenditure) Bill 2026
The Hong Kong SAR government gazetted the Inland Revenue (Amendment) (Tax Deduction for Intellectual Property Expenditure) Bill 2026, relaxing tax deductions for capital expenditure incurred by enterprises on acquiring intellectual property or related usage licenses. The bill will apply to intellectual property acquisition or license contracts signed on or after 1 April this year, covering tax deductions for three types of capital expenditure: acquiring intellectual property from related parties, intellectual property used by licensees outside Hong Kong, and prepaid license fees for intellectual property usage.
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News Search: Hong Kong Insurance AuthorityAI Score3131 The Financial Services and the Treasury Bureau and the Insurance Authority of Hong Kong welcome PICC P&C's issuance of the first sidecar insurance-linked securities in Hong Kong.
The Financial Services and the Treasury Bureau and the Insurance Authority of Hong Kong have publicly welcomed PICC P&C's issuance of the first sidecar insurance-linked securities in Hong Kong. This project is an innovative implementation case in Hong Kong's insurance-linked securities market, and details such as the specific issuance scale, pricing, and risk coverage scope have not been disclosed yet.
Read originalHong Kong Inland Revenue Department: Latest NewsAI Score4444 Orders for Hong Kong's comprehensive avoidance of double taxation agreements with six countries to be published in the Gazette
The Chief Executive in Council made six orders on October 6, 2026, under the Inland Revenue Ordinance (Cap. 112) to implement comprehensive avoidance of double taxation agreements signed with Barbados, Jordan, the Kyrgyz Republic, the Maldives, Norway, and Rwanda. The orders were published in the Gazette on October 16, 2026, and tabled before the Legislative Council on October 21 under the negative vetting procedure.
Read originalHKEX: Press ReleaseAI Score3434 HKEX Core Climate Completes Cross-Border Pilot for Green Electricity Certificates and Carbon Emission Allowances
HKEX announced that its Core Climate platform has completed two cross-border pilots for green electricity certificates and Shenzhen emissions rights. 15 enterprises participated in the green electricity certificate pilot, with a total trading volume of approximately 100,000 certificates. HKEX also signed a cooperation agreement with the Guangzhou Power Exchange Center to establish a cross-border green electricity certificate trading channel, promoting connectivity of green markets in the Greater Bay Area.
Read originalNews Search: Hong Kong Insurance AuthorityAI Score3030 Hong Kong's Financial Services and the Treasury Bureau Welcomes PICC P&C's Issuance of the First 'Sidecar' Insurance-Linked Security in Hong Kong
Hong Kong's Financial Services and the Treasury Bureau publicly welcomed PICC P&C's issuance of the first 'sidecar' insurance-linked security in Hong Kong. This event, reported by the Hong Kong Commercial Daily, is a landmark development in Hong Kong's insurance-linked securities market.
Read originalHKMA: Press ReleasesAI Score3939 HKMA welcomes the launch of the Chongqing-Hong Kong Cross-Border Data Verification Platform
The Chongqing-Hong Kong Cross-Border Data Verification Platform, facilitated by the HKMA, was officially launched. The platform leverages blockchain technology and hash values to verify customer data without the need for cross-border transmission or storage of original documents. Initially, the platform primarily supports cross-border financial scenarios, with banks in Chongqing and Hong Kong advancing applications related to northbound and southbound data flow verification, covering services such as account opening and loan applications.
Read originalHKMA: Press ReleasesAI Score2626 HKMA to Hold Reopened Tender for 3-Year HKD Institutional Government Bonds on October 21, 2026
The Hong Kong Monetary Authority (HKMA), on behalf of the Government of the Hong Kong Special Administrative Region (HKSAR), announced that it will hold a reopened tender for 3-year HKD institutional government bonds on October 21, 2026. This tender is part of the reopened issuance of the 5-year government bond (No. 05GB2912001) under the Government Bond Programme, with an issuance size of HKD 750 million and settlement completed on October 22, 2026. This tender is only open to primary dealers appointed under the Government Bond Programme, with a minimum bid amount of HKD 50,000 and multiples thereof. Successful bidders are required to pay accrued interest of HKD 615.03 per HKD 50,000 face value on the issuance date.
Read originalHKMA: Press ReleasesAI Score2121 Hong Kong Academy of Finance Opens Applications for 2027 Financial Leaders Programme
The Hong Kong Academy of Finance announced that applications for the 2027 Financial Leaders Programme open on October 15, with a deadline of December 4. Launched in 2022, the programme has nurtured over 100 future financial leaders in Hong Kong. It is designed for high-potential senior financial executives approximately 1 to 2 levels below the CEO position, and is conducted on a part-time basis.
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InvestHK: Press ReleasesAI Score3030 InvestHK Congratulates Bakai Bank on Receiving Hong Kong Banking Licence, Becoming First Central Asian Bank to Enter Asia-Pacific
InvestHK announced on October 5, 2026 that Kyrgyzstan commercial bank Bakai Bank has been granted a Hong Kong banking licence by the Hong Kong Monetary Authority, becoming the first Central Asian bank to enter the Asia-Pacific region. The bank will establish a restricted-licence bank in Hong Kong under the name Bakai Bank Open Joint-Stock Company (Hong Kong Branch), serving the trade, investment and capital needs of the Central Asia–Asia-Pacific economic corridor. InvestHK will continue to assist the bank in exploring sustainable development financing and RMB-denominated financing business.
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MPFA: Press ReleasesAI Score3636 MPFA Chairman’s Blog: eMPF Platform Launches One-Stop MPF Account Information Enquiry Service
In a blog post, the Chairman of the MPFA announced that the eMPF Platform will launch a one-stop MPF account information enquiry service on October 5. The service is available to MPF scheme members, authorized persons, estate representatives, and those prioritizing the estates of deceased scheme members, allowing them to enquire about trustee and scheme names, account numbers, and balance information. Applications require submission of corresponding authorization or legal documentation based on identity, and account information will only be provided after identity and authorization verification.
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Hong Kong Inland Revenue Department: Latest NewsAI Score5858 The Stamp Duty (Amendment) (No. 3) Bill 2026 Will Be Gazetted on October 2, Relaxing Eligibility for Stamp Duty Relief on Intra-Group Asset Transfers
The Hong Kong government announced that the Stamp Duty (Amendment) (No. 3) Bill 2026 will be gazetted on October 2, implementing the relaxed stamp duty relief for intra-group asset transfers proposed in the 2026-27 Budget. Under current rules, affiliated enterprises are recognized if they directly or indirectly hold 90% or more of each other's issued share capital; the bill will lower this shareholding threshold to 75%, and include direct or indirect beneficial interests and voting rights as recognition criteria, covering new types of enterprises such as limited liability partnerships and companies limited by guarantee that do not issue shares.
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Federal Reserve: Monetary PolicyAI Score3636 Federal Reserve issues Federal Open Market Committee statement
The Federal Reserve released a statement from the Federal Open Market Committee on September 16, 2026, deciding by a vote of 12 in favor and 0 against to raise the target range for the federal funds rate by 25 basis points to 3.75%-4%. The adjustment is intended to support the Federal Reserve's dual mandate and promote a more timely return of inflation to the 2% target. The Committee will continue to maintain its policy of ample reserves in the banking system. Economic activity is currently expanding at a solid pace, and inflation remains elevated.
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Hong Kong Inland Revenue Department: Latest NewsAI Score3535 Full Text of the 2026 Policy Address (Part 8)
Chapter 7 of the 2026 Policy Address focuses on enhancing social well-being, covering directions such as quality education development, talent cultivation, youth, women, and family development. In the education sector, an AI digital education learning resource platform will be launched, the articulation of primary and secondary school curricula will be optimized, and the Education Ordinance will be revised to require teachers to hold practicing certificates. The Excellence Enhancement Programme for public schools will be launched in the 2026/27 academic year. At the same time, the additional training allowance of HK$1,000 per month for registered apprentices will be extended for two years, and Upskill Hong Kong is expected to release the first phase of the skills training framework in the first quarter of 2027.
Read originalHong Kong Inland Revenue Department: Latest NewsAI Score5151 Hong Kong's 2026 Policy Address Introduces Two Personal Tax Relief Measures to Encourage Childbirth
In the 2026 Policy Address delivered by the Chief Executive of the Hong Kong Special Administrative Region on September 16, 2026, two personal tax measures to encourage childbirth were proposed, both requiring legislative amendments to implement. The first measure raises the child allowance for the second and subsequent children born to taxpayers on or after September 16, 2026, as well as the additional child allowance for the first two years after a child's birth, from HK$140,000 to HK$160,000. This arrangement takes effect from the 2026/27 tax year, and claims can be made through established procedures until the child reaches the age of 25.
Read originalHong Kong Inland Revenue Department: Latest NewsAI Score4545 The Chief Executive's 2026 Policy Address (Part 6)
The Hong Kong SAR Government has announced Part 6 of the Chief Executive's 2026 Policy Address, focusing on the development of the Northern Metropolis. The Northern Metropolis will take university towns as its core, planning to develop three university towns in San Tin, Hung Shui Kiu, and Ta Kwu Ling, with a total planned area of over 1,000 hectares, creating a development pattern that integrates education, technology, industry, talent, and livability. The three university towns will respectively focus on medicine and life health technology, higher education for intelligent manufacturing applications, and art and blue-green integrated development, with supporting promotion of related industries and research carrier construction.
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