Tax orders to be gazetted

September 12, 2018

Two orders made by the Chief Executive in Council under the Inland Revenue Ordinance to implement the Comprehensive Avoidance of Double Taxation Agreements with India and Finland will be gazetted on September 14.


Hong Kong signed the agreements with India and Finland in March and May respectively.


A Government spokesman said the agreements ensure investors will not have to pay tax twice on a single source of income.


The agreements will bring tax savings and a greater certainty on taxation liabilities for the residents of the treaty partners when they engage in cross-border trade and investment activities.


The orders will be tabled at the Legislative Council on October 10 for negative vetting.


The agreements will enter into force after both Hong Kong and the treaty partners have completed their ratification procedures.


Click here for highlights of the agreements.

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