Hong Kong Publishes Instructions for Occupational Retirement Schemes (ORS)

June 6, 2017

Stephen Kessinger

Author

Sovos

This blog was last updated on June 27, 2021

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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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.