Two-tiered profits tax rates regime - Accounting implications
Published on:
16 May 2018
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Certain qualifying Hong Kong companies will be subject to a two-tiered profits tax rates regime for their years of assessment beginning on or after 1 April 2018.
This publication details the accounting implications of the two-tiered profits tax rates regime on an entity's current and deferred tax positions. It also includes a comprehensive example together with illustrative disclosures to reflect the application of IAS 12 Income Taxes.
