Hong Kong Italy tax treaty in force

Hong Kong Italy tax treaty in force

On 14 August 2015, the income tax treaty between Italy and Hong Kong entered into force.

The treaty was signed on 14 January 2013 and will be in effect in respect of Hong Kong tax for any year of assessment beginning on or after 1 April 2016.

Treaty highlights

The following are treaty highlits:

  • Permanent establishment (PE) – Article 5
  • Exemption or reduction of tax on dividends, interest and royalties – Articles 10 – 12
  • Capital gains on disposal of shares – Article 13

Italian Black List

The treaty could lead to the exclusion of Hong Kong from the Italian Black Lists (decree 10th may 1999, decree 21st november 2001, decree 23rd january 2002).

Read full treaty english text: http://www.legislation.gov.hk

More about Hong Kong on https://mauromicol.wordpress.com/

download https://it.linkedin.com/in/emilio-meneghella-53b6348

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