Hong Kong & Double Tax Agreements
Double Taxation Agreements

About Hong Kong

Hong Kong is the world’s third-largest financial services centre after London and New York. It has played a vital role in helping China integrate with the global free-market economy and is today a Special Administrative Region (SAR) of China. However, Hong Kong law is based on a British Common Law structure, and its courts rigorously apply the Rule of Law. Hong Kong’s Trust Laws are amongst the most modern in the world.

Hong Kong is not a Tax Haven; it is well regulated and is engaged in promoting sound financial practices through its global bodies membership. It contributes to the development of global pension standards through its chair of the International Organisation of Pension Supervisors Technical Committee.

Advantages of Hong Kong
as your Retirement Plan destination

Hong Kong is listed as the freest economy in the world, with no Inheritance Tax and no Capital Gains Tax on pension growth or Income Tax on pension distribution. It also has Double Taxation agreements with 50 countries, making it an extremely attractive and tax-efficient place to grow and hold retirement funds.

No Income Tax on Pension Distributions

No Capital Gains Tax

No Inheritance Tax

No Dividends Tax


No Tax on Interest Deposits

Common Law Jurisdiction

Highly Regulated

Hong Kong Double Taxation Agreements

Hong Kong has Double Taxation Agreements with the following 50 countries. The Double Taxation Agreement (DTA), is a bilateral agreement between two countries to avoid the double taxation of income and property. DTAs will only have an effect on you in case you are a Hong Kong or resident of another DTA jurisdiction. These treaties provide tax freedom on Hong Kong sourced pension income:

Double Taxation Agreements

Hong Kong has Double Taxation Agreements with the following 50 countries. These treaties provide tax freedom on Hong Kong sourced pension income:

A

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 25.06.2012 (Protocol) 25.05.2010
Date of S49 Order 23.04.2013 28.09.2010
Date of Entry into Force 03.07.2013 01.01.2011
Effective From 03.07.2013 Year of Assessment 2012/2013
Austria IRO Sub- legislation Reference CE BO

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B

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 03.03.2024
Date of S49 Order In progress
Date of Entry into Force Pending
Effective From Pending
Bahrain IRO Sub- legislation Reference -
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 30.08.2023
Date of S49 Order In progress
Date of Entry into Force Pending
Effective From Pending
Bangladesh IRO Sub- legislation Reference -
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 16.01.2017
Date of S49 Order 27.06.2017
Date of Entry into Force 30.11.2017
Effective From Year of Assessment 2018/2019
Belarus IRO Sub- legislation Reference CY
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 10.12.2003
Date of S49 Order 03.02.2004
Date of Entry into Force 07.10.2004
Effective From Year of Assessment 2004/2005
Belgium IRO Sub- legislation Reference AJ
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 20.03.2010
Date of S49 Order 22.06.2010
Date of Entry into Force 19.12.2010
Effective From Year of Assessment 2011/2012
Brunei IRO Sub- legislation Reference BK

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C

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 26.06.2019
Date of S49 Order In progress
Date of Entry into Force Pending
Effective From Pending
Cambodia IRO Sub- legislation Reference ---
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 11.11.2012
Date of S49 Order 23.04.2013
Date of Entry into Force 29.10.2013
Effective From Year of Assessment 2014/2015
Canada IRO Sub- legislation Reference CF
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 24.01.2024
Date of S49 Order In progress
Date of Entry into Force Pending
Effective From Pending
Croatia IRO Sub- legislation Reference -
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 06.06.2011
Date of S49 Order 08.11.2011
Date of Entry into Force 24.01.2012
Effective From Year of Assessment 2013/2014
Czech Republic IRO Sub- legislation Reference BY

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E

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 25.09.2019
Date of S49 Order In progress
Date of Entry into Force Pending
Effective From Pending
Estonia IRO Sub- legislation Reference ---

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F

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 24.05.2018
Date of S49 Order 04.09.2018
Date of Entry into Force 30.12.2018
Effective From Year of Assessment 2019/2020
Finland IRO Sub- legislation Reference DE
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 21.10.2010
Date of S49 Order 03.05.2011
Date of Entry into Force 01.12.2011
Effective From Year of Assessment 2012/2013
France IRO Sub- legislation Reference BT

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G

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 15.09.2020 05.10.2020
Date of S49 Order 20.10.2020
Date of Entry into Force 01.07.2021
Effective From Year ofAssessment 2022/2023
Georgia IRO Sub- legislation Reference DN
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 22.04.2013
Date of S49 Order 24.09.2013
Date of Entry into Force 05.12.2013
Effective From Year of Assessment 2014/2015
Guernsey IRO Sub- legislation Reference CH

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H

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 12.05.2010
Date of S49 Order 28.09.2010
Date of Entry into Force 23.02.2011
Effective From Year of Assessment 2012/2013
Hungary IRO Sub- legislation Reference BN

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I

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 19.03.2018
Date of S49 Order 04.09.2018
Date of Entry into Force 30.11.2018
Effective From Year of Assessment 2019/2020
India IRO Sub- legislation Reference DD
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 23.03.2010
Date of S49 Order 22.06.2010
Date of Entry into Force 28.03.2012
Effective From Year of Assessment 2013/2014
Indonesia IRO Sub- legislation Reference BM
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 22.06.2010
Date of S49 Order 28.09.2010
Date of Entry into Force 10.02.2011
Effective From Year of Assessment 2012/2013
Ireland IRO Sub- legislation Reference BQ
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 14.01.2013
Date of S49 Order 24.09.2013
Date of Entry into Force 10.08.2015
Effective From Year of Assessment 2016/2017
Italy IRO Sub- legislation Reference CI

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J

Nature Comprehensive Double Taxation Agreements Exchange of Notes
Date of Signature of Agreement 09.11.2010 10.12.2014
Date of S49 Order 12.04.2011 12.05.2015
Date of Entry into Force 14.08.2011 06.07.2015
Effective From Year of Assessment 2012/2013 Year of Assessment 2016/2017
Japan IRO Sub- legislation Reference BS BS
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 22.02.2012
Date of S49 Order 23.04.2013
Date of Entry into Force 03.07.2013
Effective From Year of Assessment 2014/2015
Jersey IRO Sub- legislation Reference CG

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K

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 08.07.2014
Date of S49 Order 30.09.2014
Date of Entry into Force 27.09.2016
Effective From Year of Assessment 2017/2018
Korea IRO Sub- legislation Reference CL
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 13.05.2010
Date of S49 Order 17.04.2012
Date of Entry into Force 24.07.2013
Effective From Year of Assessment 2014/2015
Kuwait IRO Sub- legislation Reference BZ

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L

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 13.04.2016
Date of S49 Order 27.06.2017
Date of Entry into Force 24.11.2017
Effective From Year of Assessment 2018/2019
Latvia IRO Sub- legislation Reference CX
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 12.08.2010
Date of S49 Order 03.05.2011
Date of Entry into Force 08.07.2011
Effective From Year of Assessment 2012/2013
Liechtenstein IRO Sub- legislation Reference BU
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 11.11.2010 (Protocol) 02.11.2007
Date of S49 Order 03.05.2011 22.01.2008
Date of Entry into Force 17.08.2011 20.01.2009
Effective From Year of Assessment 2012/2013 Year of Assessment 2008/2009
Luxembourg IRO Sub- legislation Reference BA BA

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M

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 22.11.2019 25.11.2019
Date of S49 Order 12.05.2020
Date of Entry into Force 18.08.2020
Effective From Year ofAssessment 2021/2022
Macao SAR IRO Sub- legislation Reference DK
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 01.04.2015 (4th Protocol) 27.05.2010 (3rd Protocol)
Date of S49 Order In progress 28.09.2010
Date of Entry into Force Pending 20.12.2010
Effective From Pending 20.12.2010
Mainland China IRO Sub- legislation Reference - BR
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 30.01.2008 (2nd Protocol) 21.08.2006
Date of S49 Order 15.04.2008 17.10.2006
Date of Entry into Force 11.06.2008 08.12.2006
Effective From 11.06.2008 Year of Assessment 2007/2008
Mainland China IRO Sub- legislation Reference BB AY
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 25.04.2012
Date of S49 Order 09.10.2012
Date of Entry into Force 28.12.2012
Effective From Year of Assessment 2013/2014
Malaysia IRO Sub- legislation Reference CC
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 08.11.2011
Date of S49 Order 17.04.2012
Date of Entry into Force 18.07.2012
Effective From Year of Assessment 2013/2014
Malta IRO Sub- legislation Reference CB
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 14.09.2022 07.11.2022
Date of S49 Order 25.04.2023
Date of Entry into Force 23.06.2023
Effective From Year ofAssessment 2024/2025
Mauritius IRO Sub- legislation Reference DS
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 18.06.2012
Date of S49 Order 09.10.2012
Date of Entry into Force 07.03.2013
Effective From Year of Assessment 2014/2015
Mexico IRO Sub- legislation Reference CD

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N

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 22.03.2010
Date of S49 Order 22.06.2010
Date of Entry into Force 24.10.2011
Effective From Year of Assessment 2012/2013
Netherlands IRO Sub- legislation Reference BL
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 01.12.2010
Date of S49 Order 03.05.2011
Date of Entry into Force 09.11.2011
Effective From Year of Assessment 2012/2013
New Zealand IRO Sub- legislation Reference BV

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P

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 17.02.2017
Date of S49 Order 27.06.2017
Date of Entry into Force 24.11.2017
Effective From Year of Assessment 2018/2019
Pakistan IRO Sub- legislation Reference CZ
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 22.03.2011
Date of S49 Order 08.11.2011
Date of Entry into Force 03.06.2012
Effective From Year of Assessment 2013/2014
Portugal IRO Sub- legislation Reference BW

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Q

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 13.05.2013
Date of S49 Order 24.09.2013
Date of Entry into Force 05.12.2013
Effective From Year of Assessment 2014/2015
Qatar IRO Sub- legislation Reference CJ

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R

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 18.11.2015
Date of S49 Order 26.04.2016
Date of Entry into Force Pending
Effective From Pending
Romania IRO Sub- legislation Reference CV
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 18.01.2016
Date of S49 Order 26.04.2016
Date of Entry into Force 29.07.2016
Effective From Year of Assessment 2017/2018
Russia IRO Sub- legislation Reference CW

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S

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 24.08.2017
Date of S49 Order 08.05.2018
Date of Entry into Force 01.09.2018
Effective From Year of Assessment 2019/2020
Saudi Arabia IRO Sub- legislation Reference DB
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 14.08.2020 27.08.2020
Date of S49 Order 20.10.2020
Date of Entry into Force 30.12.2020
Effective From Year ofAssessment 2021/2022
Serbia IRO Sub- legislation Reference DM
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 16.10.2014
Date of S49 Order 12.05.2015
Date of Entry into Force 20.10.2015
Effective From Year of Assessment 2016/2017
South Africa IRO Sub- legislation Reference CM
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 01.04.2011
Date of S49 Order 08.11.2011
Date of Entry into Force 13.04.2012
Effective From Year of Assessment 2013/2014
Spain IRO Sub- legislation Reference BX
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 04.10.2011
Date of S49 Order 17.04.2012
Date of Entry into Force 15.10.2012
Effective From Year of Assessment 2013/2014
Switzerland IRO Sub- legislation Reference CA

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T

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 07.09.2005
Date of S49 Order 18.10.2005
Date of Entry into Force 07.12.2005
Effective From Year of Assessment 2006/2007
Thailand IRO Sub- legislation Reference AX

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U

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 11.12.2014
Date of S49 Order 12.05.2015
Date of Entry into Force 10.12.2015
Effective From Year of Assessment 2016/2017
United Arab Emirates IRO Sub- legislation Reference CN
Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 21.06.2010
Date of S49 Order 28.09.2010
Date of Entry into Force 20.12.2010
Effective From Year of Assessment 2011/2012
United Kingdom IRO Sub- legislation Reference BP

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V

Nature Comprehensive Double Taxation Agreements
Date of Signature of Agreement 13.01.2014 (Protocol) 16.12.2008
Date of S49 Order 30.09.2014 21.04.2009
Date of Entry into Force 08.01.2015 12.08.2009
Effective From Year of Assessment 2016/2017 Year of Assessment 2010/2011
Vietnam IRO Sub- legislation Reference BE BE

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