Order on Comprehensive Avoidance of Double Taxation Agreement with Estonia gazetted
***********************************************************************************
"Under the Estonia CDTA, 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 the residents of both sides when they engage in cross-border trade and investment activities," a Government spokesman said.
The order will be tabled at the Legislative Council on October 16 for negative vetting. The Estonia CDTA will enter into force after both Hong Kong and Estonia have completed the ratification procedures.
Hong Kong signed the Estonia CDTA in September 2019. Highlights of the CDTA are set out in the Annex.
Ends/Wednesday, October 9, 2019
Issued at HKT 16:00
Issued at HKT 16:00
NNNN