On August 21 2006, Hong Kong and China signed The Arrangement for the Avoidance of Double Taxation on Income & Prevention of Fiscal Evasion (Arrangement), which will eliminate double taxation and cut the top tax rates on direct income, such as operating profits and salaries, as well as indirect income, like dividends and interest.
Hong Kong and China sign double taxation pact
On August 21 2006, Hong Kong and China signed The Arrangement for the Avoidance of Double Taxation on Income & Prevention of Fiscal Evasion (Arrangement),…
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