Two-tiered profits tax rates regime - Accounting implications

Published on: 16 May 2018

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.


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