Tax Pact To Be Gazetted
An order made by the Chief Executive in Council to implement the Comprehensive Avoidance of Double Taxation Agreement with Estonia will be gazetted on October 11.
Under the pact, investors will not have to pay tax twice on a single source of income.
It will bring tax savings and a greater certainty on taxation liabilities for residents of both sides when they engage in cross-border trade and investment activities, the Government said.
The order will be tabled at the Legislative Council on October 16 for negative vetting.
The agreement will enter into force after both Hong Kong and Estonia have completed the ratification procedures.
Click here for highlights of the agreement.
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