The income tax treaty between Hong Kong and Italy entered into force on 10 August 2015. The treaty, signed 14 January 2013, 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 Italy's personal income tax, corporate income tax and the regional tax on productive activities (IRAP).
Residence
If a company is considered resident in both Contracting Parties, the competent authorities will deter…