Taxation
The Double Taxation Agreement (‘DTA’) between Hong Kong and Italy, which
was signed in 2013, entered into force in August. The provisions of the DTA are
effective in Hong Kong from the 2016-2017 year of assessment.
The DTA is based on the standard OECD model and represents a major step
forward in tax relations between Italy and Hong Kong, Italy having previously
(in recent years) treated Hong Kong as a tax haven with impact on Italian
citizens’ willingness to do business in Hong Kong.
Employment
Hong Kong government committees are reviewing:
The possible need for standard contracts to include provisions for
standard working hours. Even assuming agreement can be reached (employer’s and
employees’ bodies are both involved in the discussions), the likelihood is that
provisions would apply only to lower-paid workers;
A possible amendment to the Labour Ordinance to permit compulsory
reinstatement of employees wrongfully dismissed. Currently, the employer’s
agreement is required for this.
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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!
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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information?
Please
contact:
John Barclay -Email
Teresa Tam - Email
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Primasia
Corporate Services Limited
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2882 2088
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1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
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