The HKSAR Government announces on 30th April that based of OECD recommendations, Hong Kong will amend the list of tax jurisdictions on automatic exchange of financial account information in tax matters (AEOI) under the inland revenue ordinance.
9 Jurisdictions have been removed from the list as they have yet to activate exchange relationships for AEOI with Hong Kong. Bahrain, Belize, Marshall Islands, Montserrat, Nauru, Niue, Saint Vincent & the Grenadines, Seychelles, and Trinidad & Tobago.
11 Jurisdictions have been added to the list which have activated exchange relationships for AEOI with Hong Kong. Azerbaijan, Ecuador, Jamaica, Kazakhstan, Kenya, Maldives, Nigeria, Oman, Pakistan, Peru, and Thailand.
Since September 2018, Hong Kong has conducted AEOI with several other jurisdictions as advocated by the OECD, with the aim to enhance tax transparency and combat cross-border tax evasion.
Source: news.gov.hk