On 12 October 2021, the Official Journal of the EU published the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, otherwise also known as the EU tax havens blacklist. The document lists Hong Kong as one of nine countries with harmful tax regimes in its Annex II, the so-called grey list or watch list. The government of the Hong Kong Special Administrative Region (“HKSAR”) has committed to amend the Inland Revenue Ordinance accordingly. More
