Hong Kong Inland Revenue has announced the order for the implementation of the pending income tax arrangement with Macau. The arrangement, signed 25 November 2019, is the first of its kind between the two jurisdictions. --- The Chief Executive in Council has made an order under the Inland Revenue Ordinance (Cap. 112) to implement the Comprehensive Avoidance of Double Taxation Arrangement with Macao (Macao CDTA). The order will be gazetted on May 22. "Under the Macao CDTA, investors will not have to pay tax twice on a single source of income. It will bring tax savings and greater certainty on...