Three orders to implement
agreements with Portugal, Spain and the Czech Republic for the avoidance of double taxation and the prevention of fiscal evasion were gazetted today.
The Comprehensive Agreements for Avoidance of Double Taxation ensure investors will not have to pay tax twice on a single source of income.
The agreement will bring tax savings and a higher degree of certainty on taxation rights for investors from the places when they engage in trade and investment activities with Hong Kong.
The orders will be tabled at the Legislative Council on November 23.
