(IMPORTANT) Comprehensive Avoidance of Double Taxation Agreements (CDTAs)
Circular Ref: A(22)270
Issue Date: 29 Dec 2022
Through the Association, the HKSAR Government would like to consult the views of the industry on the captioned subject.
Briefly, CDTAs set out the allocation of taxing rights between two tax jurisdictions and facilitate assessment of potential tax liabilities arising from cross-border economic activities, therefore providing enhanced certainty to businessmen and investors.
It has always been the Government’s policy to sign more CDTAs with Hong Kong’s major trading and investment partners and the emerging economies.
So far, Hong Kong has signed 46 CDTAs. These CDTA partners account for 77.8% of Hong Kong’s total trade last year.
A list of jurisdictions with which Hong Kong has signed CDTAs or has on-going discussions for CDTAs is attached.
Now, the Government is consulting the Association for suggestions as to which jurisdictions should be accorded with priority in the coming years.
In this connection, we should be grateful for your views. If possible, pease also let us have the (specific) reasons behind your suggested jurisdictions.
Your response by 16 January would be appreciated.