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Several Hong Kong Tax Treaties Going Into Effect

31 March 2014

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Treaty Development

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Hong Kong

Tax treaties between Hong Kong and several other jurisdiction will go into effect on April 1st 2014. The jurisdictions include Canada, Jersey, Kuwait, Mexico, and Qatar. The withholding rates for each are as follows: Canada Dividends - 5% when paid to a company that holds at least 10% of the paying company's capital, otherwise 15% Interest - 10% Royalties - 10% Jersey Dividends - 0% Interest - 0% Royalties - 4% Kuwait Dividends - 0% if paid to a government or government institution, otherwise 5% Interest - 5% Royalties - 5% Mexico Dividends - Taxed only in the state of...