Automatic Exchange of Financial Account Information in Tax Matters

Implementation of the Automatic Exchange of Financial Account Information in Tax Matters (AEOI) will commence in Hong Kong on 1 Jan 2017. AEOI is the internationally agreed standard endorsed by the Organisation of Economic Cooperation and Development (OECD), for the exchange of financial account information. Under AEOI, we have to identify your tax residence. If you are a tax resident in a country with which Hong Kong has signed a competent authority agreement, we must disclose your account information to the Hong Kong Inland Revenue Department (IRD).

You can find more information or how AEOI may affect you at both the IRD website and the OECD website.


  • As at 1 December 2016, Hong Kong has signed agreements with Japan and the United Kingdom with a view to commencing AEOI with these two tax jurisdictions in 2018.
  • As far as personal data is concerned, the information to be exchanged includes name, address, jurisdiction of residence, taxpayer identification number (“TIN”), and the date and place of birth.
  • As for financial account data, it includes the account number, account balance or value (year-end), and the gross amount of interests, dividends and sale proceeds of financial assets as appropriate for the year concerned.

Should you have any queries, please consult with your legal counsel or tax adviser.



21 December 2016