Latest Treaty Updates: Hong Kong


Treaty Update: Hong Kong - Korea, South

22/2/2017

According to a January 24, 2017, announcement from the Hong Kong Government, the territory has signed a TIEA covering financial account information with South Korea.


Treaty Update: Australia - Hong Kong

6/2/2017

Hong Kong's new Financial Secretary, Paul Chan, is pushing for the completion of both a free trade agreement and a double taxation agreement with Australia.


Treaty Update: Belarus - Hong Kong

20/1/2017

Hong Kong and Belarus signed a new DTA on January 16, 2017.


Treaty Update: Hong Kong - Australia

18/11/2016

Hong Kong called for the start of DTA negotiations with Australia at a meeting on November 9.


Treaty Update: Korea, South - Hong Kong

11/10/2016

The comprehensive double taxation agreement between Hong Kong and South Korea, which was signed on July 8, 2014, went into effect on September 27, 2016.


Treaty Update: Hong Kong - Russia

16/8/2016

The DTA between Hong Kong and Russia became effective on July 29, 2016.


Treaty Update: Russia - Hong Kong

19/7/2016

On July 3, 2016, Russia ratified a DTA with Hong Kong through law No. 234-FZ.


Treaty Update: Hong Kong - Various

23/5/2016

Two Orders to implement Hong Kong's double tax agreements with Russia and Romania were forwarded to the territory's Parliament, as part of the domestic ratification process, on May 13, 2016.


Treaty Update: Hong Kong - Latvia

25/4/2016

Hong Kong and Latvia signed a DTA on April 13, 2016.


Treaty Update: Hong Kong - Vietnam

19/4/2016

A DTA Protocol between Hong Kong and Vietnam became effective on April 1, 2016, in Hong Kong. It has been effective in Vietnam since the beginning of the year.


Treaty Update: Hong Kong - Various

18/4/2016

Hong Kong's DTAs with Italy, South Africa, and the United Arab Emirates became effective in Hong Kong on April 1, 2016.


Treaty Update: Hong Kong - Various

11/3/2016

Hong Kong's new DTAs with South Africa, the United Arab Emirates, Vietnam, Japan, and Italy will be effective for Hong Kong taxes from April 1.


Treaty Update: Hong Kong - Russia

25/1/2016

Hong Kong and Russia signed a comprehensive DTA on January 18, 2016.


Treaty Update: United Arab Emirates - Hong Kong

19/1/2016

The Hong Kong Government announced that the DTA with the United Arab Emirates entered into force on December 18, 2015.


Treaty Update: Hong Kong - Various

17/12/2015

Hong Kong's TIEAs with Denmark, the Faroe Islands, Iceland, and Norway entered into force on December 4, 2015.


Treaty Update: Hong Kong - Italy

26/10/2015

The DTA between Hong Kong and Italy will become effective in Hong Kong for years of assessment beginning on or after April 1, 2016, Hong Kong's Inland Revenue Department has announced.


Treaty Update: Hong Kong - Various

26/10/2015

Hong Kong issued six Orders ratifying TIEAs with the Nordic countries –Denmark, the Faroe Islands, Greenland, Iceland, Norway, and Sweden – on October 2, 2015.


Treaty Update: Hong Kong - China

22/10/2015

Hong Kong issued an Order to ratify the DTA signed with Mainland China on October 2, 2015.


Treaty Update: Hong Kong - Australia

30/9/2015

Hong Kong's Chief Secretary for Administration, Carrie Lam, called for the conclusion of a DTA between Hong Kong and Australia during a recent event on September 18, 2015.


Treaty Update: Hong Kong - Italy

20/8/2015

The DTA between Hong Kong and Italy entered into force on August 10, 2015.


Treaty Update: Hong Kong - South Africa

31/7/2015

According to a July 21 update from the South African Revenue Service, Hong Kong has newly ratified the DTA the territory signed with South Africa.


Treaty Update: Italy - Hong Kong

16/7/2015

Italy has ratified the DTA signed with Hong Kong, publishing law no. 96 in its Official Gazette on July 7, 2015. The law became effective on July 8, 2015.


Treaty Update: Hong Kong - Japan

10/7/2015

Hong Kong and Japan completed the exchange of instruments of ratification on July 6, 2015, bringing the DTA into force.


Treaty Update: Hong Kong - Macedonia

8/7/2015

Hong Kong and Macedonia completed a first round of DTA negotiations on June 12, 2015.


Treaty Update: Hong Kong - Japan

8/6/2015

Hong Kong gazetted an Order on May 15, 2015, to ratify the TIEA signed with Japan.


Treaty Update: Hong Kong - Various

8/6/2015

Hong Kong gazetted two orders on May 15, 2015, to give force to the comprehensive DTAs signed with South Africa and the United Arab Emirates. They were tabled before the Legislative Council on May 20, 2015.


Treaty Update: Hong Kong - Saudi Arabia

5/6/2015

Hong Kong and Saudi Arabia held a third round of DTA negotiations on May 12-14, 2015.


Treaty Update: Hong Kong - Vietnam

4/3/2015

The Government of Hong Kong on February 23, 2015, confirmed that a second Protocol to the DTA with Vietnam entered into force on January 8, 2015, and will become effective in Hong Kong for years of assessment beginning on or after April 1, 2016.


Treaty Update: Hong Kong - Germany

3/3/2015

Germany and Hong Kong are to hold a second round of double tax agreement negotiations over five days concluding on March 6, 2015.


Treaty Update: Norway - Hong Kong

14/1/2015

According to preliminary media reports, Norway ratified its TIEA with Hong Kong on December 15, 2014.


Treaty Update: Japan - Hong Kong

8/1/2015

Japan and Hong Kong exchanged diplomatic notes on December 10, 2014, to amend the scope of the tax information exchange provisions in their existing DTA. The amendment is subject to the two territories' normal domestic ratification procedures.


Treaty Update: Hong Kong - United Arab Emirates

16/12/2014

Hong Kong signed a DTA with the United Arab Emirates on December 11, 2014.


Treaty Update: Sweden - Hong Kong

24/11/2014

Sweden ratified its TIEA with Hong Kong on November 19, 2014.


Treaty Update: Hong Kong - South Africa

21/10/2014

Hong Kong signed a DTA with South Africa on October 16, 2014.


Treaty Update: Hong Kong - Various

26/8/2014

Hong Kong signed TIEAs with Denmark, the Faroe Islands, Greenland, Iceland, Norway, and Sweden on August 22, 2014.


Treaty Update: Hong Kong - Korea, South

15/7/2014

Hong Kong and South Korea signed a DTA on July 8, 2014.


Treaty Update: United States - Hong Kong

30/6/2014

The tax information exchange agreement between the United States and Hong Kong entered into force on June 20, 2014.


Treaty Update: Germany - Hong Kong

10/6/2014

Germany and Hong Kong will hold a first round of DTA negotiations over five days beginning on June 16, 2014.


Treaty Update: Hong Kong - United States

30/4/2014

Hong Kong on April 25, 2014, gazetted the tax information exchange agreement the territory signed with the US as part of the territory's ratification procedures.


Treaty Update: Hong Kong - Various

31/3/2014

The DTAs Hong Kong signed with Qatar, Canada, Kuwait, Jersey, and Mexico will become effective in Hong Kong from April 1, 2014.


Treaty Update: Hong Kong - United States

31/3/2014

Hong Kong and the United States signed a tax information exchange agreement on March 25, 2014.


Treaty Update: Hong Kong - Vietnam

15/1/2014

Hong Kong and Vietnam signed a DTA Protocol on January 13, 2014.


Treaty Update: Hong Kong - Qatar

1/1/2014

The DTA signed between Hong Kong and Qatar entered into force on December 31, 2013.


Treaty Update: Hong Kong - Bahrain

27/11/2013

A second round of DTA negotiations between Hong Kong and Bahrain are scheduled over two days commencing on December 5, 2013.


Treaty Update: Hong Kong - Latvia

27/11/2013

A first round of DTA negotiations between Latvia and Hong Kong was concluded on November 21, 2013.


Treaty Update: Canada - Hong Kong

31/10/2013

The DTA signed between Canada and Hong Kong entered into force on October 29, 2013.


Treaty Update: Hong Kong - Austria

21/10/2013

The second Protocol signed between Hong Kong and Austria to revise their DTA entered into force on July 3, 2013, the Hong Kong Government confirmed on October 17, 2013.


Treaty Update: Hong Kong - Various

7/10/2013

Hong Kong has confirmed the completion of its domestic ratification procedures, on October 4, 2013, in respect of the comprehensive DTAs the territory signed with Italy, Guernsey, and Qatar.


Treaty Update: Qatar - Hong Kong

24/9/2013

Qatar on September 18, 2013, ratified the DTA signed with Hong Kong.


Treaty Update: Korea, South - Hong Kong

19/9/2013

The South Korean Government announced on September 16, 2013, that it had initialled a draft TIEA with Hong Kong during the third round of negotiations.


Treaty Update: Hong Kong - Kuwait

29/7/2013

The DTA signed between Hong Kong and Kuwait entered into force on July 24, 2013.


Treaty Update: Hong Kong - Jersey

9/7/2013

Hong Kong notified Jersey of the completion of its domestic ratification procedures on July 3, 2013, bringing the DTA signed between the two territories in February 2012 into immediate effect.


Treaty Update: Hong Kong - Qatar

15/5/2013

Hong Kong and Qatar signed a comprehensive DTA on May 13, 2013.


Treaty Update: Hong Kong - Malaysia

13/5/2013

The Government of Hong Kong confirmed on May 6, 2013, that the DTA signed with Malaysia entered into force on December 28, 2012.


Treaty Update: Hong Kong - Various

7/5/2013

Hong Kong has announced the completion of its domestic ratification procedures in respect of its pending DTAs with Jersey and Canada, and a second Protocol to further amend its DTA with Austria. A notice was published in Hong Kong's Official Gazette on May 3, 2013.


Treaty Update: Guernsey - Hong Kong

24/4/2013

The Government of Guernsey on April 23, 2013, announced the signing of a DTA with Hong Kong.


Treaty Update: Hong Kong - Various

2/4/2013

Hong Kong's DTAs with the Czech Republic, Indonesia, Malta, Portugal, Spain and Switzerland became effective in respect of Hong Kong tax on April 1, 2013.


Treaty Update: Mexico - Hong Kong

12/3/2013

The DTA and an accompanying Protocol signed between Hong Kong and Mexico on June 18, 2012, entered into force on March 7, 2013, and will be effective in Mexico from January 1, 2014, and in Hong Kong from April 1, 2014.


Treaty Update: Hong Kong - Malaysia

22/1/2013

According to information published by the Hong Kong government on January 15, 2013, the DTA between Hong Kong and Malaysia entered into force on December 28, 2012.


Treaty Update: Hong Kong - Italy

15/1/2013

The government of Hong Kong has announced that Hong Kong and Italy signed a comprehensive DTA on January 14, 2013.


Treaty Update: Canada - Hong Kong

13/11/2012

According to the Hong Kong Inland Revenue Department, Hong Kong and Canada signed a comprehensive DTA on November 11, 2012.


Treaty Update: Hong Kong - Switzerland

6/11/2012

The ratification of the Hong Kong-Switzerland DTA was completed on October 15, 2012, allowing the treaty to become effective from January 1, 2013 in Switerland and from April 1, 2013, in Hong Kong.


Treaty Update: South Africa - Hong Kong

1/11/2012

According to preliminary media reports, representatives from Hong Kong and South Africa are to commence five-day long negotiations towards the conclusion of a DTA.


Treaty Update: Hong Kong - Various

25/10/2012

Hong Kong on October 19, 2012, published legislation in its Official Gazette to ratify two pending comprehensive DTAs, between Hong Kong and Mexico, and Hong Kong and Malaysia. The nation's domestic ratification procedures will be completed once the territory's Legislative Council approves the agreements at its meeting scheduled for October 24, 2012.


Treaty Update: Hong Kong - Switzerland

24/10/2012

A new DTA between Hong Kong and Switzerland entered into force on October 15, 2012.


Treaty Update: Hong Kong - Malta

1/8/2012

The Hong Kong tax authority confirmed on July 30, 2012, that the DTA signed between Malta and Hong Kong on November 8, 2011, entered into force on July 18, 2012.


Treaty Update: Austria - Hong Kong

28/6/2012

According to preliminary media reports, Austria and Hong Kong signed a Protocol on June 25, 2012, revising the bilateral DTA signed in 2010.


Treaty Update: Mexico - Hong Kong

20/6/2012

According to the government of Hong Kong Special Administrative Region, Hong Kong and Mexico signed a DTA on June 19, 2012.


Treaty Update: Hong Kong - Macau

18/6/2012

Hong Kong and Macau agreed on June 12, 2012, to revisit negotiations towards a comprehensive DTA, to include tax information provisions, the Hong Kong government has confirmed. The territories previously held two rounds of in 2005 and 2007.


Treaty Update: Portugal - Hong Kong

7/6/2012

The Hong Kong tax authority has confirmed the entry into force on June 4, 2012, of the DTA signed between Portugal and Hong Kong. The agreement will be effective on Hong Kong income from April 1, 2013.


Treaty Update: Hong Kong - Various

21/5/2012

The government of Hong Kong has announced that Orders to bring into force three DTAs signed between Hong Kong and Kuwait, Switzerland and Malta, were published in the territory's Official Gazette on May 18, 2012, as part of the government's ratification procedures. They must receive the approval of the Legislative Council, due to consider the Orders on May 23, 2012, before they are legally ratified.


Treaty Update: Hong Kong - Malaysia

26/4/2012

The Hong Kong government has announced that Hong Kong and Malaysia signed a DTA on April 25, 2012.


Treaty Update: Hong Kong - Malaysia

24/4/2012

The Hong Kong government has announced that on April 25, 2012, Hong Kong and Malaysia will sign a DTA.


Treaty Update: Hong Kong - Various

18/4/2012

According to the Hong Kong revenue authority, on April 13, 2012, and April 16, 2012, respectively, DTAs signed by Hong Kong with Spain, and with Indonesia, have entered into force. The Indonesia DTA entered into force on March 29, 2012, while the Spanish DTA entered into force on April 13, 2012.


Treaty Update: Hong Kong - Japan

6/4/2012

Hong Kong and Japan on March 31, 2012, exchanged diplomatic notes to ratify the pending DTA the two countries signed on November 9, 2010.


Treaty Update: Hong Kong - Spain

13/3/2012

According to information supplied by the Hong Kong Inland Revenue Department, the DTA signed between Spain and Hong Kong will enter into force on April 16, 2012.


Treaty Update: Jersey - Hong Kong

27/2/2012

The governments of Jersey and Hong Kong have jointly announced that a DTA between Jersey and Hong Kong was signed on February 24, 2012.


Treaty Update: Hong Kong - Czech Republic

7/2/2012

The DTA signed between Hong and the Czech Republic on June 6, 2011, entered into force on January 24, 2012, according to information published by the Hong Kong tax authority.


Treaty Update: Czech Republic - Hong Kong

26/1/2012

According to preliminary media reports, the Czech Republic ratified the DTA signed with Hong Kong on January 9, 2012.


Treaty Update: Spain - Hong Kong

20/1/2012

The Spanish Chamber of Commerce in Hong Kong confirmed on January 16, 2012, that Hong Kong has concluded its ratification procedures for the entry into force of the Hong Kong-Spain DTA from April 16, 2012.


Treaty Update: Hong Kong - Various

11/1/2012

According to information published by the Hong Kong tax authority, Hong Kong's pending DTAs with Japan, Liechtenstein, Ireland, Hungary, France and Austria became effective on January 1, 2012, in the co-signatory country, and will become effective from April 1, 2012, for Hong Kong taxable income.


Treaty Update: South Africa - Hong Kong

20/12/2011

Hong Kong's Financial Secretary John Tsang has confirmed that during meetings between government officials on December 13, 2011, South Africa and Hong Kong have agreed to open negotiations towards a bilateral DTA.


Treaty Update: France - Hong Kong

19/12/2011

According to the revenue authority of Hong Kong, the DTA signed between Hong Kong and France on November 21, 2010, entered into force on December 1, 2011.


Treaty Update: Jersey - Hong Kong

12/12/2011

The Jersey government confirmed on December 9, 2011, that it is engaged in negotiations with Hong Kong authorities towards an agreement for the avoidance of double taxation.


Treaty Update: Hong Kong - France

2/12/2011

The DTA signed between Hong Kong and France on October 21, 2010, entered into effect on December 1, 2011, the Hong Kong tax authority has confirmed.


Treaty Update: Hong Kong - Various

22/11/2011

The Hong Kong government has confirmed that on November 18, 2011, three Orders were gazetted, that, on the approval of the Legislative Council, would ratify the pending comprehensive DTAs Hong Kong has signed with Portugal, Spain and the Czech Republic. The documents are to be tabled before the Legislative Council for approval on November 23, 2011.


Treaty Update: Hong Kong - New Zealand

11/11/2011

The Hong Kong tax authority has confirmed that a DTA between Hong Kong and New Zealand, signed on December 1, 2010, entered into effect on November 9, 2011.


Treaty Update: Hong Kong - Malta

9/11/2011

Hong Kong and Malta signed a comprehensive DTA on November 8, 2011, which includes provisions for the exchange of tax information in accordance with the OECD's internationally-agreed standard.


Treaty Update: Netherlands - Hong Kong

4/11/2011

According to preliminary media reports, the DTA and accompanying protocol signed between the Netherlands and Hong Kong on March 22, 2010, will be effective in the Netherlands from January 1, 2012, and in Hong Kong from April 1, 2012.


Treaty Update: Netherlands - Hong Kong

25/10/2011

The Netherlands Ministry of Foreign Affairs has confirmed that the DTA signed between Hong Kong and the Netherlands on March 22, 2010, entered into force on October 24, 2011.


Treaty Update: Spain - Hong Kong

27/9/2011

According to preliminary media reports, the DTA between Spain and Hong Kong was ratified by the Spanish Congress on September 15. The DTA follows the OECD model and includes provisions for the exchange of information.


Treaty Update: Finland - Hong Kong

23/9/2011

A second round of negotiations towards a DTA between Finland and Hong Kong was held on September 20-22, 2011, according to information published on the Hong Kong tax authority's website.


Treaty Update: Hong Kong - Luxembourg

26/8/2011

According to the Hong Kong government, the Protocol to the DTA signed with Luxembourg on November 10, 2010, came into effect on August 17, 2011. The Protocol provides for the exchange of information in tax matters in accordance with the OECD standard.


Treaty Update: Hong Kong - Japan

16/8/2011

The government of Hong Kong has announced the entry into force of the DTA with Japan signed on November 9, 2010. Following ratification by both parties, the agreement entered into force on August 14, 2011, and will have effect in Hong Kong for fiscal years from April 1, 2012.


Treaty Update: Hong Kong - Liechtenstein

12/8/2011

Hong Kong's Inland Revenue Department has announced that the DTA with Liechtenstein entered into force on July 8, 2011. The DTA was signed on August 12, 2010 and will have effect in Hong Kong from April 1, 2012.


Treaty Update: Liechtenstein - Hong Kong

19/7/2011

According to the Liechtenstein government, a Double Tax Agreement with Hong Kong was ratified by both parties on July 8, 2011, bringing the agreement into force. The treaty will be effective from the fiscal year 2012.


Treaty Update: Hong Kong - Italy

8/7/2011

The Hong Kong and Italian authorities have announced that they are revisiting negotiations on concluding a convention for the avoidance of double taxation, which have been ongoing intermittently since 2004.


Treaty Update: Hong Kong - Czech Republic

8/6/2011

Hong Kong residents receiving dividends from the Czech Republic are currently taxed at 15% - this will reduce to 5% under the agreement. Interest will be exempt from withholding tax, which is currently 15%. Royalties, currently taxed at 15%, will be taxed at a maximum 10%. The DTA also sets out international shipping and airline regulations, and incorporates the latest OECD standard on the exchange of information.


Treaty Update: Spain - Hong Kong

3/6/2011

The DTA follows the OECD model and includes provisions for the exchange of information to the OECD standard. The DTA reduces the dividend withholding tax from 20% to 10%, except in the case of a company (other than a partnership) holding directly at least 25% of the capital of the paying company, when 0% will be charged. Spanish interest withholding tax will be reduced from 19% to 5%, and royalties tax from 24% to 5%. Branch Profits Tax on after-tax profits remitted by a Spanish permanent establishment to its foreign head office will cease to apply to Hong Kong residents. It also sets out shipping and airline tax rules. Under the agreement, Hong Kong will lose its tax haven status from the time of application.


Treaty Update: Hong Kong - Luxembourg

2/6/2011

The Protocol was signed on November 11, 2010. The Protocol upgrades the exchange of tax information clause in the 2004 DTA with Luxembourg to incorporate the internationally-agreed standard of the OECD. The DTA was tabled at the Hong Kong Legislative Council on May 18, 2011 for negative vetting.




Treaty Updates by Territory


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