OrbitaxHong Kong Ratifies Tax Treaty with Romania
|Treaty Development|Hong Kong-Romania
Hong Kong ratified the pending income tax treaty with Romania on 29 July 2016. The treaty, signed 18 November 2015, 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 directl…
