For the purpose of combatting tax evasion and protecting the integrity of tax systems, the Hong Kong Government implemented the Common Reporting Standard (CRS) in 2018. Following this initiative, a new global information-gathering and reporting requirement was conceived. In light of this, individuals from Italy who are currently residing in Hong Kong should pay more attention in order to manage their tax status effectively.
The Italian Chamber of Commerce is pleased to invite you to join an informative webinar in collaboration with the Asian Tax Advisory. In this webinar, we will discuss the general requirements of tax residency in Hong Kong and Italy; the tie-breaker rule as provided under the Tax Treaty between Italy and Hong Kong as well as some useful tips in the event of tax fines and criminal sanctions.