Covid-19 Guidance issued by the Hong Kong Inland Revenue Department on Certain Tax Issues

The unprecedented change in the economic environment following the outbreak of COVID-19 has given rise to new restrictions imposed by governments around the world, resulting in a significant disruption to the locations where businesses operate and people work.

This newsletter provides information of OECD Updates for COVID-19 as follows:

• Tax residence of companies
• Tax residence of individuals
• Permanent establishment
• Employment income of cross-border employees
• Transfer pricing

For further enquiries, please feel free to contact your usual PKF tax executives, or reach out to our Tax Partner Henry Fung (henryfung@pkf-hk.com) or Tax Manager Jeffrey Lau (jeffreylau@pkf-hk.com).