ASIA REGULATORY ROUND UP – HONG KONG AND MAINLAND CHINA SIGN DOUBLE TAXATION DEAL
April 14th, 2015
THE HONG Kong and mainland Chinese governments have signed a fourth protocol to their existing 2006 agreement on avoiding double taxation and preventing tax evasion. The deal sets out the tax liabilities of Hong Kong residents when they buy and sell shares in mainland China and vice versa. Profits made by Hong Kong residents shall be taxable only in Hong Kong, including when using the Shanghai-Hong Kong Stock Connect to buy A shares listed on the Shanghai Stock Exchange. The new agreement clarifies the conditions under which an investment fund would secure Hong ...
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