The Hong Kong Inland Revenue Department has announced the signing of an income tax treaty with South Africa. The treaty was signed by South Africa on 30 September 2014, and by Hong Kong on 16 October 2014. It 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 a resident of both Contracting Parties, its residence for...