HKFI Responds to Rumors of Tax on Overseas Policy Returns

The Hong Kong Federation of Insurers (HKFI) has responded to rumors regarding the imposition of a 20% personal income tax on returns from overseas insurance policies by mainland authorities, stating that no official policy documents or implementation guidelines have been released by the relevant departments as of now. The Federation continues to monitor the situation and refrains from speculation or comments on the discussions and rumors. HKFI emphasizes that there remains a strong demand from clients for protection, wealth transfer, and asset allocation. As an international financial center, Hong Kong offers advantages such as flexible product design, multi-currency options, and professional services, making the overall market still attractive and competitive.

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