On 13 April 2016, officials from Hong Kong and Latvia 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. It covers Latvian enterprise income tax and personal income tax.
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 agree…