Contact Your Financial Adviser Money Making MC
19
March 2018
 |
Gautam Bambawale (The Total Investment & Insurance Solutions)
India and Hong Kong on Monday signed an
agreement to avoid double taxation and prevent tax evasion.
India's Ambassador to China Gautam Bamabwale and Hong Kong's Financial
Secretary Paul Chan Mo signed the treaty.
A former British colony, Hong Kong is a
special administrative region of China which enjoys a high degree of autonomy
under which it has an independent taxation system.
The agreement is "for the avoidance of
double taxation and the prevention of fiscal evasion with respect to taxes on
income", the Indian Embassy in Beijing said.
"This agreement will stimulate the flow
of investment, technology and personnel from India to Hong Kong Special
Administrative Region and vice versa, prevent double taxation and provide for
the exchange of information between the two contracting parties," the
statement said.
"It will improve transparency in tax
matters and will help curb tax evasion and tax avoidance," it added.The Total Investment & Insurance
Solutions
No comments:
Post a Comment