In September 2012, the Commissioner for Finance stated that Hong Kong had made „remarkable progress“ in establishing its international network of tax treaties since the change in the internal income system in March 2010, and that since then the network of tax treaties in Hong Kong has rapidly expanded. As of March 2018, 37 global double taxation agreements were in force in Hong Kong. Governments have recognized that this would be unfair and discourage international trade/business. As a result, they each put in place their own rules to prevent the same income from being taxed twice. In some cases, the amount of tax paid in one country can be deducted from what is due in another country. These agreements or contracts are called Double Tax Agreements (DBA) and should be integrated into your tax planning system. Details of the Hong Kong-UK income tax agreement and protocol, signed on 21 June 2010, are available. The contract was concluded in English and generally follows the OECD standard agreement. „The conclusion of a comprehensive double taxation agreement with the continent, as well as the closer economic partnership agreement on the mainland and in Hong Kong, will further encourage international investors to enter the continental market via Hong Kong. In addition, cross-border financing agreements and the transfer of technical know-how and patents between the two sites will be improved. These will help stimulate Hong Kong`s economy, strengthen our competitiveness and attract foreign capital.

This document contains the following information: Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Hong Kong Special Administrative Region of the People`s Republic of China to avoid double taxation and prevent tax evasion with respect to capital income and income, with protocol: London, 21 June 2010. Under the Convention, Switzerland is exempt from double taxation. In addition, the withholding rate at source has been reduced to 10%. The following information provides succinct details on some important double tax evasion agreements signed by SADA Hong Kong. The agreement applies in the United Kingdom from 1 April 2011 for corporation tax and from 6 April 2011 for income and capital gains tax. It applies from April 1, 2011 in Hong Kong. In early 2008, Hong Kong and the mainland signed the second Memorandum of Understanding to avoid double taxation and prevent income tax evasion.