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Double Taxation Relief and Exchange of Information Arrangements
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Announcements (Latest)
Hong Kong signs agreements with six jurisdictions on automatic exchange of financial account information in tax matters (17 March 2017)
Hong Kong and Pakistan enter into tax pact (17 February 2017)
Hong Kong signed on February 17 an agreement with Pakistan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Please click here for the details.
Hong Kong and Korea sign agreement on automatic exchange of financial account information in tax matters (24 January 2017)
Hong Kong and Belarus enter into tax pact (16 January 2017)
Hong Kong signed on January 16 an agreement with Belarus for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Please click here for the details.
HK, Romania tax treaty in force (9 December 2016)
The Agreement between the Hong Kong Special Administrative Region of the People's Republic of China and Romania for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 21 November 2016 (9 December 2016)
The Agreement between the Hong Kong Special Administrative Region of the People's Republic of China and Romania for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income ("the Agreement") was formally signed on 18 November 2015.
According to Article 27 of the Agreement, the Agreement shall, upon the written notifications by both sides of the completion of their respective required internal procedures, enter into force on the date of the later of these notifications.
For the purpose of giving effect to the Agreement, an Order was made by the Chief Executive in Council on 26 April 2016, under section 49(1A) of the Inland Revenue Ordinance. The Order was published in the Gazette as Legal Notice 61 of 2016. The Order was laid before the Legislative Council for negative vetting on 18 May 2016. The vetting period expired on 15 June 2016 and no resolution was made by the Legislative Council to amend the whole or any part of the Order. Thereafter, the Order came into operation on 29 July 2016. Hong Kong sent a notification of the completion of the internal procedures to Romania on 29 July 2016. Romania sent Hong Kong a notification dated 21 November 2016 confirming the completion of their requisite internal procedures. The Agreement has therefore become effective on 21 November 2016 and shall have effect, according to Article 27 of the Agreement, with respect to income derived on or after 1 January 2017.
Hong Kong to commence automatic exchange of financial account information in tax matters with Japan and UK in 2018 (26 October 2016)
HK, Korea tax treaty in force (30 September 2016)
HK, Russia tax treaty in force (5 August 2016)
The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Government of the Russia Federation for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 29 July 2016 (5 August 2016)
The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Government of the Russia Federation for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income ("the Agreement") was formally signed on 18 January 2016.
According to Article 28 of the Agreement, the Agreement shall, upon the written notifications by both Sides of the completion of their respective required internal procedures, enter into force on the date of the later of these notifications.
For the purpose of giving effect to the Agreement, an Order was made by the Chief Executive in Council on 26 April 2016, under section 49(1A) of the Inland Revenue Ordinance. The Order was published in the Gazette as Legal Notice 62 of 2016. The Order was laid before the Legislative Council for negative vetting on 18 May 2016. The vetting period expired on 15 June 2016 and no resolution was made by the Legislative Council to amend the whole or any part of the Order. Thereafter, the Order came into operation on 29 July 2016. Russia sent Hong Kong a notification dated 15 July 2016 confirming the completion of their requisite internal procedures. Hong Kong sent a notification of the completion of the internal procedures to Russia on 29 July 2016. The Agreement has therefore become effective on 29 July 2016 and shall have effect in Hong Kong, according to Article 28 of the Agreement, for any year of assessment beginning on or after 1 April 2017.
Inland Revenue (Amendment) (No. 3) Ordinance 2016 comes into effect (30 June 2016)
Two orders on avoidance of double taxation agreements gazetted (13 May 2016)
Hong Kong and Latvia enter into tax pact (13 April 2016)
Hong Kong signed on April 13 an agreement with Latvia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Please click here for the details.