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Hong Kong and Japan Exchange Notes Expanding Taxes Covered for Exchange of Information

11 December 2014

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Treaty Development

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Hong Kong-Japan

On 10 December 2014, Hong Kong and Japan exchanged notes which expands the taxes covered by Article 25 Exchange of Information of the 2010 income tax treaty between the two countries. The additional taxes that will be covered include Japanese inheritance tax, gift tax, and consumption tax. The provisions of the exchange of notes will enter into force once the ratification instruments are exchanged, and will generally apply from that date.