Current location:International Intrigue news portal > politics
China's Hong Kong signs tax pact with Croatia
International Intrigue news portal2024-05-21 08:59:03【politics】2People have gathered around
Introduction(Xinhua) 11:27, January 25, 2024HONG KONG, Jan. 24 (Xinhua) -- Christopher Hui, secretary for financ
HONG KONG, Jan. 24 (Xinhua) -- Christopher Hui, secretary for financial services and the treasury of the Hong Kong Special Administrative Region (HKSAR) government, on Wednesday signed a comprehensive avoidance of double taxation agreement (CDTA) with Croatia on behalf of the HKSAR government.
The agreement sets out the allocation of taxing rights between the two jurisdictions and will help investors better assess their potential tax liabilities from cross-boundary economic activities.
Under the agreement, Hong Kong companies can enjoy double taxation relief in that any tax paid in Croatia, whether directly or by deduction, will be allowed as a credit against the tax payable in Hong Kong in respect of the same income.
Noting that Croatia is one of the economies participating in the Belt and Road Initiative, Hui said he is confident that the agreement will further promote economic and trade connections between Hong Kong and Croatia, and offer additional incentives for the business sectors of both sides to do business or make investments.
"Hong Kong will continue to negotiate with trading and investment partners with a view to expanding its CDTA network. This could enhance the attractiveness of Hong Kong as a business and investment hub, and consolidate the city's status as an international economic and trade center," Hui added.
The Hong Kong-Croatia agreement is the 48th CDTA that Hong Kong has concluded. Including Croatia, Hong Kong has signed CDTAs with 17 member states of the European Union.
Address of this article:http://europaisland.liveandunplugged.org/news-69c699875.html
Very good!(42)
Related articles
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Man United legend Andy Cole accuses Mikel Arteta of 'mugging off' out
- Sarah Everard's killer Wayne Couzens should never have been police officer
- OJ Simpson's time in Hollywood: A look back at The Naked Gun star's hit movie career
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Spy agency's surveillance powers too broad, Inspector
- Tiger Woods starts his 26th Masters with an impressive birdie on his first hole
- Neymar jokes about his contribution to Al
- Georgia Republicans choose Amy Kremer, organizer of pro
- Hundreds of pests caught travelling along Transmission Gully
Popular articles
- Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
- ULTIMATE GRAND NATIONAL GUIDE: Mail Sport's expert gives his verdict on all 34 runners
- Blake Lively says she dreamed up husband Ryan Reynolds as she promotes their new animated film IF
- In Pictures: Rare celestial event totally eclipsed by thick cloud in Hong Kong
Recommended
Ben Whishaw lights up the Croisette as he joins his co
The players with the most free
Ellie Leach breaks down in tears over her cheating ex
What time does Coachella 2024 start? What to know about the music festival.
Messi in and Dybala out in Argentina squad for pre
Civil Aviation backtracks over technology for medical checks on pilots, air traffic controllers
Video shows Victim Support worker 'bragging' about smacking his children
Kyle Richards rocks a tuxedo while ex
Links
- ACWF Calls on Women to Contribute to Battle Against Epidemic
- National Survey on Chinese Women's Social Status Kicks Off
- ACWF Honors Woman Devoting to Girls' Education in Mountains
- ACWF Launches Campaign to Salute Women Role Models in Anti
- China to launch law popularization campaign aimed at rural women
- ACWF Honors Woman Devoting to Girls' Education in Mountains
- List of 10 Women Model Police Officers in Anti
- In pics: torch relay of 4th Asian Para Games in Hangzhou
- More Foreign Women's Organizations and Overseas Chinese Support China in Battle Against NCP
- ACWF Holds Training Session on Women's Volunteer Work in S China's Guangxi