28 March 2018

Hong Kong and India sign income tax treaty

Representatives of Hong Kong and India signed their first comprehensive income tax treaty (the Treaty) on March 19. The Treaty will stimulate flow of investment, technology and personnel from Hong Kong to India and vice versa, prevent double taxation, and provide for the exchange of information between the two countries. It will improve transparency in tax matters and help to curb tax evasion and tax avoidance.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-0684