The income tax treaty between Hong Kong and Latvia entered into force on 24 November 2017. The treaty, signed 13 April 2016, 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 Latvian enterprise income tax and personal income tax.
Residence
If a company is considered resident in both Contracting Parties, the competent authorities will determine the company's residence for the purpose of…