Fifth Protocol to Avoidance of Double Taxation Arrangement between the Mainland and Hong Kong in force
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The Fifth Protocol to the Arrangement was signed in July this year. It incorporates into the Arrangement a new teachers and researchers article to provide tax relief to eligible Hong Kong and Mainland teachers and researchers working on the other side, as well as measures to prevent tax treaty abuse to ensure that the Arrangement follows the latest international tax standard. It came into force on December 6, 2019, after completion of approval procedures on both sides. It will apply in Hong Kong to income derived in the years of assessment beginning on or after April 1, 2020.
Ends/Wednesday, December 11, 2019
Issued at HKT 15:00
Issued at HKT 15:00
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