Hong Kong Mauritius Tax TreatyJuly 2023
The 2022 double tax treaty, DTA ,between Hong Kong and Mauritius entered into force on June 23, 2023.
The tax withholding rates for payments of dividends are 0%/5% depending on the percentage of shareholding in the paying company.
The tax withholding rate for payments of interest and royalties is 5%.
Hong Kong Saudi Arabia Tax TreatySeptember 2018
The double tax treaty, DTA, which was signed between the two countries in August 2017 entered into force on September 1, 2018.The DTA will apply in Hong Kong for the tax year starting on April 1, 2019.
Hong Kong Belarus Tax TreatyDecember 2017
The 2017 double tax treaty, DTA, between the two countries entered into force on November 30,2017 applying from January 1, 2018 in Belarus and from April 1, 2018 in Hong Kong.
According to the DTA the tax withholding rates are 5% for payment of dividends and interest and 3%/5% for payment of royalties.
Hong Kong Pakistan Tax TreatyFebruary 2017
The two countries signed on February 17, 2017 a double tax treaty, DTA.
According to the DTA the tax withholding rate is 10% for payments of dividends, interest and royalties.
Hong Kong Annual Tax ReturnsMay 2015
According to the Inland revenue department web site the IRD sent on May 4 2.48 million tax returns reminding tax payers to file the returns by June 4, or by August 4 for unincorporated businesses. There is an automatic extension of one months for e-filers.
Hong Kong Qatar Tax TreatyFebruary 2014
The double tax treaty, DTA, which was signed by the two countries in May 2013 entered into force on December 5, 2013. The DTA applies in Qatar starting January 1, 2014 and in Hong Kong starting April 1, 2014.
Hong Kong Qatar Double Tax TreatyJune 2013
Qatar and Hong Kong signed on May 13 , 2013 a double tax treaty, DTA, between the two countries.
According to the DTA Qatar residents would get for taxes paid in Hong Kong a tax credit in Qatar against taxes payable in Qatar while Hong Kong companies would have a similar credit in Hong Kong against tax paid in Qatar.
The DTA has to be ratified by both countries.
For Hong Kong the new DTA is its 29th agreement.
Hong Kong Portugal Double Tax TreatyJuly 2012
The DTA, double tax treaty, between the two countries entered into force on June 3, 2012.
When in effect the relevant tax withholding rates are 5% for royalties, 10% for interest and dividends. In case of dividends when received by a company holding 10% or more of the payer's shares the withholding rate is reduced to 5%.
Hong Kong Spain Double Tax TreatyApril 2011
Hong Kong and Spain signed on April 1 a double tax treaty, DTA.
For Hong Kong this is the 20th agreement for the avoidance of double taxation with its trading partners.
According to the DTA the withholding rates for interest and royalties are capped at 5%. The withholding rate for dividend is capped at 10%, or zero when the recipient company holds at least 25% of the capital of the paying company.
Hong Kong New Stamp DutyNovember 2010
The Hong Kong government announced on November 19, 2010 a new special stamp duty, SSD, on residential properties to curb speculation.
The new tax will be imposed on top of the current ad valorem stamp duty including three levels of regressive rates according to the holding period.
The relevant rates are 15% for property held six months or less before resale, 10% for property held more than six months but less than 12 months and 5% for property held more than 12 months but less than 24 months.
The new tax would be imposed on properties acquired on or after November 20, 2010.
For the full article please read the Inland Revenue Department site www.ird.gov.hk.
Hong Kong Ireland Double Tax TreatyJune 2010
Hong Kong and Ireland signed on June 22, 2010 a new double tax treaty. The DTA which is the 13th treaty signed by Hong Hong follows an additional double tax treaty signed by HK on June 21, 2010 with the U.K.
The DTA with Ireland which follows the OECD model relates, inter-alia, to tax withholding rates, zero rate for dividend, 3% for royalties and 10% for interest.
The tax treaty will enter into force after being ratified by both countries.
Hong Kong 3 New DTAsMarch 2010
Hong Kong signed between 20-23/3/2010 three new double taxation agreements , DTAs ,with Brunei, the Netherlands and Indonesia.
The new comprehensive DTAs include a provision on exchange of information relating to tax matters according to the OECD model.
The new tax agreements will enter into force after ratification by the related countries.
The new DTAs are in addition to the previous five double taxation agreements between Hong Kong and other countries, already in force.
Hong Kong Vietnam Double Taxation TreatyDecember 2008
For Hong Kong the treaty is its fifth treaty, following previous agreements with Belgium, Thailand, Mainland China and Luxembourg and is expected to elevate the bilateral trade and business activities between both sides.
According to the treaty any tax paid in Hong Kong by Vietnam residents and companies would be credited against tax payable in Vietnam. The withholding tax for royalties received by Hong Kong residents from Vietnam would be reduced from current 10% to 7%.
Profits from shipping services earned in Vietnam by Hong Kong residents will be tax exempt. Hong Kong airlines operating flights to Vietnam will pay a lower 16.5% corporate tax, compared to the 28% rate in Vietnam.
So far Hong Kong has 24 double taxation agreements for airline income with other countries, six agreements on shipping income and two airline and shipping agreements.
The new treaty has yet to be signed by both sides.
Source: Inland Revenue Department www.ird.gov.hk.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.