Latest Treaty Updates: China
Treaty Update: Ecuador - China
18/5/2012
Ecuador and China held the first round of their negotiations towards a DTA during five days of meetings in Beijing, which concluded on May 11, 2012.
Treaty Update: China - Botswana
18/4/2012
According to the government of Botswana, China and Botswana signed a DTA on April 13, 2012.
Treaty Update: China - Canada
13/2/2012
The Canadian government has confirmed it has reached an agreement in principle with China towards a Protocol that would update their 1986 DTA, to add international standards on tax information exchange, and reduce withholding taxes on cross-border trade and investment.
Treaty Update: Latvia - China
26/1/2012
According to preliminary media reports, Latvia ratified its DTA with China on December 22, 2011.
Treaty Update: Latvia - China
7/12/2011
According to preliminary media reports, the Latvian government approved and forwarded to parliament legislation that would ratify a Protocol to the 1996 DTA signed with China.
Treaty Update: China - Macau
28/11/2011
China's State Administration of Taxation has confirmed that the second Protocol adding information exchange provisions to the DTA between Macau and China entered into force on October 8, 2011, and will be effective from January 1, 2012.
Treaty Update: Canada - China
10/11/2011
Canada and China on November 8 signed an amending protocol to their January 1980 DTA to include OECD-model provisions for the exchange of information.
Treaty Update: Cayman Islands - China
28/9/2011
The Cayman Islands government confirmed the signing on September 27, 2011, of a TIEA with China.
Treaty Update: Latvia - China
31/8/2011
A Protocol amending the DTA between Latvia and China was signed on August 24. The Protocol provides for lower withholding tax rates in certain circumstances.
Treaty Update: China - Guernsey
22/8/2011
According the Guernsey government, the TIEA between China and Guernsey entered into force on August 17, 2011. The TIEA was signed on October 27, 2010.
Treaty Update: Latvia - China
17/8/2011
According to the Latvian Finance Ministry, the country's Cabinet approved on August 9, 2011 a protocol to amend the DTA with China. The protocol will lower royalties withholding tax from 10 to 7.
Treaty Update: Macau - China
15/8/2011
According to the Macau government Gazette, the 2nd protocol amending the DTA between Macau and China was ratified on July 29, 2011. The agreement contains tax information exchange provisions.
Treaty Update: Taiwan - China
30/6/2011
According to media reports, Taiwan and China are close to concluding a DTA.
Treaty Update: United Kingdom - China
29/6/2011
According the UK government, the UK and China signed a new DTA on June 27, 2011. The treaty generally follows the OECD model convention. The DTA reduces dividend withholding tax from 10 to 5 for direct investors, updates the capital gains article, and adds a modern exchange of information article.
Treaty Update: Korea, North - China
24/6/2011
According to media reports, North Korea is seeking a DTA with China.
Treaty Update: Denmark - China
22/6/2011
According to the Danish government it provides certainty for future tax payments and eliminates the risk of double taxation.
Treaty Update: Denmark - China
20/6/2011
According to the Danish government it provides certainty for future tax payments and eliminates the risk of double taxation.
Treaty Update: Czech Republic - China
1/6/2011
The DTA been signed on August 28, 2009, and its provisions will come into effect from January 1, 2012. The DTA will replace the existing DTA, signed in 1987.
Treaty Update: Estonia - China
1/6/2011
No further information provided.
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Latest News
Secretary for Financial Services and the Treasury, Professor K C Chan, has tabled a plan at the Legislative Council Finance Committee, whereby the government will continue to work closely with regulators and the industry to foster the sustained development of the financial services industry in Hong Kong.
Canada, China Agree To Update DTA 13/2/2012
Canada's Prime Minister has welcomed an agreement in principle negotiated with China that would update the two countries' existing Double Tax Agreement with the stated aim of reducing tax barriers and encouraging bilateral economic trade and investment.
Hong Kong Plugs Its Private Equity Advantages 20/1/2012
In a speech at the Asia Private Equity Forum 2012 in Hong Kong, the Financial Secretary, John C. Tsang, confirmed that private equity is an important component of Hong Kong's asset management business, as Asia has become a magnet for venture capital investment, largely on the back of developments in mainland China.
No Tax Rule Change For Hong Kong's Frontier Workers 30/11/2011
In a written reply to a question in the Legislative Council, the Secretary for Financial Services and the Treasury, Professor K C Chan, confirmed that the Hong Kong and Mainland China tax authorities were not, currently, considering a change in tax rules for cross-boundary workers.
Hong Kong Investors To Pay Chinese Dividend Tax 6/7/2011
Hong Kong’s Financial Services and the Treasury Bureau has confirmed that dividends paid to Hong Kong investors by companies in mainland China will be subjected to a 10% withholding tax.
UK Hong Kong DTA In Force 29/12/2010
The UK/Hong Kong Double Taxation Agreement that was signed on June 21, 2010 entered into force on December 20.
China, Macau Amend Double Taxation Treaty 19/11/2010
Recent amendments to the double tax agreement between China and the territory of Macau will become effective on January 1 2011. These include standardizing tax rates and clarifying capital gains exemptions.
Argentina Catches Up On Tax Agreements 3/11/2010
The head of Argentina's Federal Administration of Public Revenue, Ricardo Echegaray has announced the signing of tax information exchange agreements with Russia, Italy and France as part of its strategy to crack down on tax evasion.
China, Malta Sign Tax Agreement 27/10/2010
The Maltese minister of finance, the economy and investment Tonio Fenech and minister for taxation of the People’s Republic of China Xiao Jie have signed a new Agreement for the Avoidance of Double Taxation.
Hong Kong Ratifies Five DTAs 20/10/2010
Hong Kong’s Chief Executive has gazetted five orders under the Inland Revenue Ordinance to implement the comprehensive double taxation agreements with Hungary, Austria, the United Kingdom and Ireland, as well as the Third Protocol to the Arrangement with the Mainland of China.
Malta Clinches DTAs With China, Uruguay 15/7/2010
The Maltese government announced on July 13 that it had concluded negotiations with China towards revising the convention for the avoidance of double taxation and fiscal evasion the two countries share. The government said the agreement, and another double tax treaty with Uruguay, would be signed during 2010 as part of the territory’s efforts to expand its network of such agreements.
Hong Kong To Implement DTAs 8/7/2010
Orders made to implement double taxation agreements with Brunei, the Netherlands and Indonesia for the avoidance of double taxation and the prevention of tax evasion have been gazetted.
Hong Kong And Malaysia To Sign DTA 19/3/2010
In Kuala Lumpur, at the start of a Southeast Asian tour, Hong Kong’s Financial Secretary, John Tsang, met the Malaysian Prime Minister, Najib Razak, and both sides agreed to negotiate a double taxation agreement between Hong Kong and Malaysia.
Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.
NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.
Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.
Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.
Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.
UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.
Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.
BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.
Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.
UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.
IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.