22 April 2016 Hong Kong and Latvia sign income tax treaty Hong Kong signed an income tax treaty with Latvia (the Treaty) on April 13. The Treaty contains several favorable provisions that are expected to facilitate closer economic and trade ties between Hong Kong and Latvia. The Treaty will enter into force upon completion of the ratification procedures and become effective April 1 for Hong Kong and January 1 for Latvia, following the calendar year in which the Treaty enters into force. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-0741 |