Hong Kong ratified the pending income tax treaty with Romania on 29 July 2016. The treaty, signed 18 November 2015, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Hong Kong profits tax, salaries tax and property tax. It covers Romanian tax on income and tax on profit. Withholding Tax Rates Dividends - 3% if the beneficial owner is a company directly holding at least 15% of the paying company's capital; otherwise 5% Interest - 0%, as long as Hong Kong does not levy a withholding tax on interest under its internal legislation (currently...