ASIA REGULATORY ROUND UP – HONG KONG SIGNS NEW DOUBLE TAXATION PREVENTION DEAL WITH PAKISTAN
January 1st, 2017
THE HONG Kong and Pakistan government have signed a comprehensive agreement on avoiding double taxation. Pakistani tax paid by Hong Kong companies will be credited against Hong Kong taxes on the same profits, with the reverse applying for Pakistan companies. Pakistan's withholding tax rates for Hong Kong residents on royalties and fees for technical services (both currently 15%) will be capped at 10% and 12.5% respectively. Pakistan's withholding tax rate for Hong Kong residents on dividends (currently up to 25%) and interest (up to 17.5%) will be capped at ...
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