Hong Kong Publishes Instructions for Occupational Retirement Schemes (ORS)

Stephen Kessinger
June 6, 2017

In response to the submissions made through the OECD disclosure facility, Hong Kong’s Inland Revenue Department has published guidance for the use of Occupational Retirement Schemes.  In part, the guidance instructs that only those schemes registered under the proper ordinance are considered non-reporting financial institutions.

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Author

Stephen Kessinger

Stephen Kessinger is a Regulatory Counsel for Sovos Compliance. Within Sovos’ Regulatory Analysis function, Stephen focuses on AEOI reporting, including FATCA, CDOT and CRS. Before joining Sovos, Stephen earned his B.A. from the University of Vermont, and his J.D. from Roger Williams School of Law. He currently is a member of the Massachusetts and Rhode Island Bar Associations.
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