Homepage > SERVICE > China's Hong Kong signs tax pact with Georgia to avoid doub
China's Hong Kong signs tax pact with Georgia to avoid doub
Time: 10:41 Nov-26
Author:China's Hong Kong Special Administrative Region (HKSAR) government signed a comprehensive avoidance of double taxation agreement (CDTA) with Georgia on Monday.
The CDTA will help investors better assess their potential tax liabilities from cross-border economic activities, thereby promoting economic and trade connections, the HKSAR government said.
The CDTA is the 45th of such agreement that the HKSAR has concluded with its trade partners.
Under the agreement, double taxation will be avoided as any tax paid in Georgia by Hong Kong companies will be allowed as a credit against the tax payable in Hong Kong, and vice versa.
Besides, Georgia's withholding tax rates for Hong Kong residents on interest and royalties will be capped at 5 percent, and profits from international shipping transport earned by Hong Kong residents arising in Georgia will not be taxed in Georgia.
This CDTA will come into force after being approved by related authorities of both sides.
- Good News for Pandas: 4 Pair (Dec 16)
- Official: Xi Thought Is Mode (Dec 16)
- Group Wedding Ceremony Held (Dec 16)
- China's 2018 Local Governmen (Dec 16)
| Media partners： |
| Consumer market news | Netherlands media Bureau | |