PRESS RELEASE

HK, Indonesia tax treaty in force

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The agreement between Hong Kong and the Republic of Indonesia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has entered into force, a government spokesman said today (April 16).

The agreement was signed in March 2010. It came into force on March 28 this year after the completion of ratification procedures on both sides. It will have effect in Hong Kong for any year of assessment beginning on or after April 1, 2013.

Details of the agreement are available at the Inland Revenue Department's website
(www.ird.gov.hk/eng/pdf/Agreement_Indonesia_HongKong.pdf).

Ends/Monday, April 16, 2012
Issued at HKT 11:00

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