The Hong Kong Inland Revenue Department has announced that the income tax treaty between Hong Kong and South Africa entered into force on 20 October 2015. The treaty, signed by South Africa on 30 September 2014 and by Hong Kong on 16 October 2014, 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 South African normal tax, withholding tax on royalties, dividend tax, withholding tax on interest and the tax on foreign entertainers and sportspersons. Residence If a company is considered resident of...