On 18 November 2015, officials from Hong Kong and Romania signed an income tax treaty. The treaty is the first of its kind between the two jurisdictions.
Taxes Covered
The treaty covers Hong Kong profits tax, salaries tax and property tax. It covers Romanian tax on income and tax on profit.
Withholding Tax Rates
- Dividends - 3% if the beneficial owner is a company directly holding at least 15% of the paying company's capital; otherwise 5%
- Interest - 0%, as long as Hong Kong does not lev…