Published on 19.11.2011

Business & Finance - Hong Kong

3 new tax orders for DTA gazetted

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