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Hong Kong signs AEOI agreement with Indonesia, prepares for information exchanges

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Hong Kong has signed an automatic exchange of financial account information (AEOI) agreement with Indonesia, and has also gazetted changes to its tax framework in order to facilitate the rollout of the OECD initiative. The Inland Revenue Department’s latest amendment ordinance enables Hong Kong to implement the AEOI scheme “more effectively”, a government spokesperson said in a statement. “We must…

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