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Hong Kong continues to attract investors from all over the world


				04.06.2012
						The date of entry of agreement for the avoidance of double taxation (CDTA) into force was the 3rd of June, 2012.


  


  
 The Agreement may be applied in Hong Kong, starting from the next financial year from April 1, 2013. 


  
The Agreement provides the following: 


  
•	Taxation of dividends at the source of 10% tax rate for companies (Hong Kong residents), who have a permanent representative offices in Portugal; 


  
•	If the person having the beneficial owner on the dividends (beneficial owner), and the non-partnership (partnership), directly owns 10% equity, distributing dividends, the rate of withholding tax is 5%.  


  
Accordingly, the Agreement on the withholding tax on interest is reduced to 10% (previously - 20%), and the royalties - up to 5%. 


  
This is the 19th comprehensive agreement for the avoidance of double taxation (CDTA) concluded by Hong Kong with its trading partners, coming after those with Belgium, Thailand, the Mainland of China, Luxembourg, Vietnam, Brunei, the Netherlands, Indonesia, Hungary, Kuwait, Austria, the United Kingdom, Ireland, Liechtenstein, France, Japan, New Zealand and Switzerland. 



 		

	
		
	
		
Expert’s opinion

	
Absolutely correct and logical measures of the Hong Kong Government to attract financial flows to its territory. Low tax rates - is clearly attractive for all businesses. The increasing number of agreements with countries on the avoidance of double taxation allows a growing number of businesses working with Hong Kong directly, bypassing the schemes with nominal values and trust management.



A perfect example for legislators of the former Soviet Union, Agreement with the EU countries can, and have attracted an increasing amount of funds from the euro zone.



The Russian businessmen with business in the EU, there is another opportunity for the free circulation of capital and making in the EU and Asia. "



				
On the basis: http://www.ird.gov.hk/

										
Yaroslav Lomakin 									     ( Managing Partner of  Honest & Bright Company Ltd. )
									

	
	
	
					
	
	
	


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