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Double tax avoidance agreement
March 21 , 2018
2571 days
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- India and Hong Kong signed a bilateral double taxation avoidance treaty to curb evasion and promote flow of investment.
- The Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion will stimulate flow of investment, technology and personnel from India to Hong Kong Special Administrative Region (HKSAR) and vice versa
- Hong Kong is former British colony and is special administrative region of China which enjoys a high degree of autonomy under which it has an independent taxation system.
- It is an important financial and trading partner of India.
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