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Non Dom Tax Status for High Net Worth Individuals - Explained
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Many Hong Kong residents elect to move abroad upon retirement or the end of their work contract. The most popular destinations have been USA, Canada, Australia and the UK.
On the 6th of July 2023, a new circular was issued by the Tax department, in addition to the one voted in 2022, that takes into consideration the related transactions which are lower of the threshold
The Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations 2015 implements CRS requirements on an international basis under Cayman Islands law.
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