The Inland Revenue (Amendment) (No. 3) Bill 2017, which aims to expand the list of Hong Kong's reportable jurisdictions to over 75 and to require financial institutions to start collating information from the relevant account holders with effect from 1 July 2017, was passed by the Legislative Council on 7 June 2017.

Please refer to the following links for the enclosures for your reference:

Enclosure (1)

http://www.scaacpa.org.hk/_cms/files/pdf/2531.pdf

(Enclosure (1) will be officially uploaded onto the following page in due course - http://www.legco.gov.hk/yr16-17/english/bc/bc03/general/bc03.htm)

Enclosure (2)

http://www.legco.gov.hk/yr16-17/english/panels/fa/papers/fa20170605cb1-1030-8-e.pdf

Thank you very much for your attention.

Regards,
Ms Elizabeth Law
Chairman of Taxation Committee
The Society of Chinese Accountants & Auditors