David Jetuah, Accountancy Age, Friday 13 August 2010 at 09:45:00

Hong Kong and Liechtenstein ink deal on double taxation

Hong Kong has signed a double taxation agreement with Liechtenstein, incorporating the latest OECD standards as part of the deal.

Mary Chow, the special representative for Hong Kong Economic and Trade Affairs, signed the agreement on behalf of Hong Kong, alongside Liechtenstein Prime Minister, Klaus Tschutscher, tax-news.com reported.

Hong Kong or Liechtenstein residents raking in dividends, interest or royalties, or earning capital gains from the other country will only be subject to tax in their place of residence.

Further reading:

EU direct taxes proposal faces strong opposition