Many of you attended the government engagement session held on 12 January and/or the seminar co-hosted by the Association and PricewaterhouseCoopers held on 17 January. Hope you find them helpful. Again, please be reminded that although the global anti-base erosion rules (GloBE rules) provide an exclusion for international shipping income and qualified ancillary international shipping income, it is fairly common for shipping groups to have income streams that do not fall within the exclusion scope. Hence, members are advised to assess the potential impact of the subject matter on their operations and to consult the expert advice and take necessary action, as appropriate.

Meanwhile, the presentation material of the government engagement session is attached for your reference please. For the designated helpdesk of the Inland Revenue Department for the implementation of the GloBE rules or Hong Kong minimum top-up tax, please call the government enquiry hotline at 2594 1600 or email to beps2.0@ird.gov.hk.

Powerpoint for the Engagement Sessions of BEPS 2.0 (Jan 2024)