Hong Kong and Malta have signed a double taxation avoidance agreement and the prevention of fiscal evasion.
The agreement was signed today by Professor K C Chan, representing Hong Kong, and ambassador Joseph Cassar.......
"The CDTA clearly sets out the allocation of taxing rights between the two jurisdictions and the relief on tax rates on different types of passive income, thus helping investors to better assess their potential tax liabilities from cross-border economic activities. The agreement will boost closer economic and trade ties between the two places, and provide added incentives for companies in Malta to do business or invest in Hong Kong, and vice versa," the Hong Kong government said in a statement.
Read the full article on The Times of Malta here.
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