23 June 2016 Hong Kong's certificate of tax residence valid for three years under income tax treaty with China To simplify the administrative process of claiming treaty benefits under the China-Hong Kong income tax agreement (the Treaty), China's State Administration of Taxation (SAT) issued SAT Announcement No. 35 to provide that the Hong Kong's certificate of residence (CoR) will serve as taxpayer's proof of Hong Kong residency for treaty purposes and it is valid for three years, i.e., the year a CoR is issued, and the two succeeding years. However, the CoR would be revoked if there are any changes in circumstances or business operations such that the conditions for claiming tax benefits under the Treaty are no longer met. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-1104 |
