Country signs tax deal with Spain.

By bne IntelliNews April 5, 2011
Hong Kong entered into a contract with Spain in order to avoid double taxation and prevent tax evasion. As reported by news.gov.hk, it is the twentieth agreement signed by the country as an initiative to avoid double taxation. The agreement deal explains the allocation of taxing rights between the two jurisdictions and the control on tax rates on various types of passive income. This deal is likely to assist investors in calculating their potential tax liabilities from cross-border economic activities.
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