2 April 2012 Details of the income tax agreement and protocol between Hong Kong - Portugal Income Tax Agreement (2011), signed on 22 March 2011, have become available. The treaty was concluded in the Chinese, Portuguese and English languages, each text having equal authenticity. In the case of divergence, however, the English text prevails. The agreement generally follows the OECD Model Convention. The maximum rates of withholding tax are: -   10% on dividends in general; 5% if the receiving company is a beneficial owner (other than a partnership) which holds directly at least 10% of the capital of the...