The Hong Kong Inland Revenue Department has announced the entry into force of the income tax treaty with Armenia on 9 April 2025. The treaty, signed 24 June 2024, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Armenian profit tax and income tax, and covers Hong Kong profits tax, salaries tax, and property tax. Residence If a person other than an individual is considered a resident of both Contracting Parties, the competent authorities will determine the person's residence for the purpose of the arrangement through mutual agreement, having regard to its place of...