On 19 March 2018, officials from Hong Kong and India 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, and cover Indian income tax, including any surcharge.
Residence
If a company is considered resident in both Contracting Parties, the competent authorities will determine the company's residence for the purpose of the treaty through mutual agreement. If no…