Allan Cinnamon and Nick Udal identify the key tax considerations in light of the recent acceleration of Hong Kong’s tax treaty programme
The last six months has seen a rapid acceleration of Hong Kong’s tax treaty programme due to its policy of supporting international efforts to enhance tax transparency by adopting Exchange of Information articles.
Hong Kong’s treaty with the UK has just entered into force. This article focuses on outbound investment from Hong Kong and its treaties with other countries. Apart from its clear business and geographical attractions these treaties and its liberal tax situation now make Hong Kong an attractive holding company location from which group trading financing and licensing activities can also be conducted. And a serious rival to other regional holding company jurisdictions such as Australia Malaysia and Singapore.
Key tax features
A headline tax rate of 16.5%.
A territorial system resulting in...
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Allan Cinnamon and Nick Udal identify the key tax considerations in light of the recent acceleration of Hong Kong’s tax treaty programme
The last six months has seen a rapid acceleration of Hong Kong’s tax treaty programme due to its policy of supporting international efforts to enhance tax transparency by adopting Exchange of Information articles.
Hong Kong’s treaty with the UK has just entered into force. This article focuses on outbound investment from Hong Kong and its treaties with other countries. Apart from its clear business and geographical attractions these treaties and its liberal tax situation now make Hong Kong an attractive holding company location from which group trading financing and licensing activities can also be conducted. And a serious rival to other regional holding company jurisdictions such as Australia Malaysia and Singapore.
Key tax features
A headline tax rate of 16.5%.
A territorial system resulting in...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")