2011-11-02-KPMG_China-香港通过经济合作与发展组织的平等审议_3页_118kb

Hong Kong successfully passed the OECD's Global Forum Peer Review inspection for tax information exchange compliance in October 2011. The review, conducted under Phase 1 of the OECD's standards, assessed Hong Kong's legal and regulatory framework for the exchange of information. Although Hong Kong met the necessary requirements, recommendations were made to strengthen areas such as nominee record-keeping and the use of agreements like tax information exchange agreements (TIEAs) with relevant partners. A subsequent Phase 2 review is scheduled for 2012 to evaluate practical implementation. Hong Kong reaffirmed its commitment to international tax standards and plans to update its laws to address these recommendations.