According to an update from the Hong Kong Department of Justice, the income tax treaty between Hong Kong and Romania entered into force on 21 November 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%, provided Hong Kong does not...