Policy paper

Hybrid and other mismatches: continuation of exemption for regulatory capital

This tax information and impact note is about the continuation of an exemption for banks issuing certain hybrid capital instruments to overseas associates.

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Details

This measure continues the counteraction exemption for banks issuing regulatory capital instruments to overseas associates.

This will make sure that interest paid on these instruments should remain deductible, subject to conditions set out in existing tax regulations.

The measure will take effect from 1 January 2023.

Updates to this page

Published 20 September 2022
Last updated 10 November 2022 + show all updates
  1. First published.

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