The Secretary for Financial Services and the Treasury, Mr Christopher Hui, had a bilateral meeting with the Ambassador of Jordan to China, Mr Hussam Al Husseini, in Beijing today (September 4) and signed on behalf of the Hong Kong Special Administrative Region (HKSAR) Government a comprehensive avoidance of double taxation agreement (CDTA) with the Government of Jordan. Mr Hui said that the signing of the CDTA demonstrated Hong Kong's continuous efforts in deepening co-operation with Belt and Road countries, and is an excellent starting point to enhance the financial, economic and trade connections between Hong Kong and Jordan.
      
     At the bilateral meeting, Mr Hui presented to Mr Hussam Al Husseini the advantages and latest developments of Hong Kong's financial market, including the efforts made to promote the continuous vibrant development of the financial market and establish Hong Kong as an international gold trading centre.
      
     Mr Hui said, "Jordan is a participant in the Belt and Road Initiative. The CDTA signifies the determination of the HKSAR Government in expanding Hong Kong's CDTA network and its enhanced collaboration with tax jurisdictions participating in the Belt and Road Initiative.
      
     "The CDTA sets out the allocation of taxing rights between Hong Kong and Jordan, which will help investors better assess their potential tax liabilities from cross-border economic activities. I have every confidence that it will be an excellent starting point to enhance the financial, economic and trade connections between the two places. This CDTA is the 53rd one that Hong Kong has concluded. We will continue to expand Hong Kong's CDTA network to enhance the city's attractiveness as a business and investment hub, and consolidate Hong Kong's status as an international economic and trade centre."
      
     In accordance with the newly signed CDTA, Hong Kong residents can avoid double taxation in that any tax paid in Jordan will be allowed as a credit against the tax payable in Hong Kong in respect of the same income, subject to the provisions of the Inland Revenue Ordinance (Cap. 112).
      
     Moreover, Jordan's withholding tax rates for Hong Kong residents on dividends, interest and royalties, currently at up to 10 per cent, will be capped at 5 per cent.
      
     The Hong Kong-Jordan CDTA will come into force after completion of ratification procedures by both sides. In Hong Kong, the Chief Executive in Council will make an order under the Inland Revenue Ordinance, which will be tabled at the Legislative Council for negative vetting. Details of the CDTA are available on the Inland Revenue Department's website.
      
     Mr Hui will return to Hong Kong this evening.

Ends/Thursday, September 4, 2025
Issued at HKT 18:48

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