tiktok³ÉÈ˰æ

Tax Indemnification Agreement Template for Hong Kong

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Tax Indemnification Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Tax Indemnification Agreement

"I need a Tax Indemnification Agreement under Hong Kong law for a share purchase transaction between our manufacturing company and its subsidiary, covering historical tax liabilities from January 2025 onwards, with specific focus on profits tax and employee benefits taxation."

Document background
The Tax Indemnification Agreement is a crucial document in corporate transactions and restructurings under Hong Kong law, where parties need to clearly define and allocate tax-related risks and responsibilities. This agreement becomes particularly important in mergers, acquisitions, spin-offs, or corporate reorganizations where historical tax liabilities may affect future operations or ownership. The document typically includes comprehensive definitions of covered tax matters, specific indemnification obligations, claim procedures, and payment terms. It must comply with Hong Kong's tax regime, particularly the Inland Revenue Ordinance, while also considering international tax implications given Hong Kong's status as a global financial center. The agreement helps protect parties against unexpected tax liabilities and provides a clear framework for resolving tax-related disputes.
Suggested Sections

1. Parties: Identifies and defines the Indemnitor and Indemnitee and their legal capacity

2. Background: Sets out the context of the agreement, including the underlying transaction or relationship giving rise to the tax indemnification

3. Definitions: Defines key terms including 'Tax', 'Tax Authority', 'Tax Liability', 'Claims', and other relevant terms

4. Scope of Indemnification: Details the specific tax matters and periods covered by the indemnification

5. Indemnification Obligations: Specifies the Indemnitor's obligations to pay, reimburse, or otherwise compensate the Indemnitee for covered tax liabilities

6. Claims Procedure: Sets out the process for making indemnification claims, including notice requirements and timing

7. Payment Terms: Specifies when and how payments must be made, including currency and method of payment

8. Dispute Resolution: Establishes procedures for resolving disputes related to indemnification claims

9. Term and Survival: Specifies the duration of the agreement and which provisions survive termination

10. Governing Law and Jurisdiction: Confirms Hong Kong law as governing law and specifies jurisdiction for disputes

Optional Sections

1. Tax Returns and Audits: Procedures for handling tax returns and audits, used when ongoing tax compliance cooperation is needed

2. Third Party Claims: Procedures for handling claims from tax authorities or other third parties, included when such claims are likely

3. Security Provisions: Requirements for security or collateral to support indemnification obligations, used for high-value or high-risk indemnifications

4. Tax Mitigation: Obligations to minimize tax liabilities, included when active tax management is expected

5. Change in Law Provisions: Addresses impact of changes in tax laws, included for long-term agreements

6. Cross-Border Provisions: Specific provisions for cross-border tax implications, used when multiple jurisdictions are involved

Suggested Schedules

1. Schedule 1 - Covered Tax Matters: Detailed list of specific taxes, periods, and transactions covered by the indemnification

2. Schedule 2 - Excluded Tax Matters: List of specific tax matters explicitly excluded from the indemnification

3. Schedule 3 - Pre-Existing Tax Liabilities: Details of known tax liabilities existing at the time of agreement

4. Schedule 4 - Claim Form Template: Standard form for making indemnification claims

5. Appendix A - Power of Attorney: If required, grants authority to handle tax matters on behalf of another party

6. Appendix B - Tax Warranties: Detailed tax warranties given by the Indemnitor regarding the covered tax matters

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses


























Relevant Industries

Financial Services

Banking

Insurance

Real Estate

Manufacturing

Technology

Retail

Healthcare

Professional Services

Energy

Infrastructure

Transportation

Telecommunications

Relevant Teams

Legal

Finance

Tax

Treasury

Compliance

Risk Management

Corporate Development

Mergers & Acquisitions

Corporate Secretariat

Internal Audit

Relevant Roles

Chief Financial Officer

Tax Director

Corporate Lawyer

Finance Manager

Tax Manager

Compliance Officer

Treasury Manager

Financial Controller

Corporate Secretary

Risk Manager

M&A Director

Due Diligence Specialist

Transaction Advisory Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Uniform Policy In The Workplace

A Hong Kong-compliant workplace uniform policy document establishing professional dress code standards while ensuring legal compliance and cultural sensitivity.

find out more

Tax Form For New Employees

Standard Hong Kong tax registration and declaration forms for new employees, ensuring compliance with Inland Revenue Department requirements.

find out more

Settlement Agreement Payment Terms

A Hong Kong law-governed agreement specifying payment terms and conditions for settling disputes or payment obligations between parties.

find out more

Tax Invoice Form

A Hong Kong-compliant tax invoice document that records commercial transactions and satisfies local tax requirements.

find out more

Tax Protection Agreement

A Hong Kong law-governed agreement that provides protection against specified tax liabilities, establishing calculation methods and claim procedures.

find out more

Fuel Supply Contract

A Hong Kong law-governed agreement setting out terms for fuel supply, including delivery, quality, and compliance requirements.

find out more

Tax Indemnification Agreement

A Hong Kong law-governed agreement establishing tax indemnification obligations between parties, typically used in corporate transactions to allocate tax risks and liabilities.

find out more

Bike Sale Agreement

A Hong Kong law-governed agreement for the sale and purchase of a bicycle, establishing terms of sale and transfer of ownership.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.