On 20 September 2016, the Romanian Chamber of Deputies reportedly approved and forwarded to the Senate the pending income tax treaty with Hong Kong. The treaty, signed 18 November 2015, is the first of its kind between the two jurisdictions. It will enter into force once the ratification instruments are exchanged, and will apply from 1 January of the year following its entry into force.
Note - a previous article indicating that the Hong Kong-Romania treaty entered into force on 29 July 2016 has been amended to reflect that Hong Kong ratified the treaty on that date.
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