List of Qualifying Debt Instruments (as at 30 September 2025)

Qualifying Debt Instruments ("QDIs") issued before April 2018 are eligible for a Profits Tax concession for both short-term and medium-term debt instruments under Section 14A(1) of the Inland Revenue Ordinance, taxed at 50% of the normal profits tax rate. Long-term debt instruments issued before this date are exempt from Profits Tax under Section 26A(1) of the Inland Revenue Ordinance, effective from the year of assessment 2003/04.

For Qualifying Debt Instruments issued on or after April 2018, a Profits Tax exemption applies under Section 14A("1B") of the Inland Revenue Ordinance, effective from the year of assessment 2018/19.