On 25th March, the Hong Kong Special Administrative Region Government signed an agreement with the USA for exchange of information relating to taxes.
This is Hong Kong's first TIEA, after the legal framework for entering into TIEAs with other jurisdictions was put in place in July 2013. The TIEA provides for information to be provided by the Inland Revenue Department upon request by the IRS (and vice versa). Such exchange of information would usually be provided for under a double tax agreement, but Hong Kong does not have such an agreement with the USA.
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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
This is Hong Kong's first TIEA, after the legal framework for entering into TIEAs with other jurisdictions was put in place in July 2013. The TIEA provides for information to be provided by the Inland Revenue Department upon request by the IRS (and vice versa). Such exchange of information would usually be provided for under a double tax agreement, but Hong Kong does not have such an agreement with the USA.
***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
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