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Japan and Hong Kong Sign Tax Treaty

Presson November 26th, 2010No Comments

Japan and Hong Kong recently signed a tax treaty (Double Taxation Agreement, or DTA), covering double-taxation policy, information exchange agreements, and various other tax related items.  Both jurisdictions had agreed on most terms of the agreement in early 2010, with the finalized version of the agreement signed on November 9, 2010.

Key Areas Covered

  • Dividends, interest, international traffic, royalties
  • Income tax
  • Capital gains
  • TK distributions
  • Associated enterprises
  • Information exchange

Full details on the Double Taxation Agreement are available here ( Hong Kong’s IRD website).

Tax Rules Change for China Registered Representative Offices

Presson May 28th, 2010No Comments

Updated: February 2010 China’s State Administration of Taxation (the “SAT”) issued a notice on Interim Measures For Tax Administration Of Representative Offices Of Foreign Enterprises, outlining new rules and guidelines for enterprise income tax (EIT), business tax, and value added tax (VAT) for representative offices of foreign enterprises, including those in Hong Kong, Macau and Taiwan. Check the SAT website for the latest updates.