17 January, 2019
The Government of India had entered into a double taxation avoidance agreement (‘DTAA’) with the Hong Kong Special Administrative Region of People’s Republic of China on March 19, 2018.
The DTAA came into force on November 30, 2018. The CBDT has, by way of a notification dated December 21, 2018, notified all provisions of the DTAA. Prior to this notification, India did not have a DTAA with Hong Kong.
The provisions of the DTAA would be applicable for the incomes derived on or after April 1, 2019 (i.e. FY 2019-2020).
For further information, please contact:
Zia Mody, Partner, AZB & Partners
zia.mody@azbpartners.com
