Press Releases
Agreement with Hong Kong by the Exchange of Notes concerning Exchange of Information under the Tax Agreement will Enter into Force
1. On July 6 (Mon.), mutual notifications necessary for the entry into force of the agreement by the Exchange of Notes concerning the exchange of information under the Tax Agreement between the Government of Japan and the Government of the Hong Kong Special Administrative Region of the People’s Republic of China for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (exchanged on December 10, 2014) were completed.
2. Accordingly, the agreement by the Exchange of Notes will enter into force on July 6, 2015 and have effect:
(a) in the case of Japan:
(i) with respect to taxes withheld at source, for amounts taxable on or after July 6, 2015;
(ii) with respect to taxes on income which are not withheld at source, as regards income for any taxable year beginning on or after July 6, 2015; and
(iii) with respect to other taxes, as regards taxes for any taxable year beginning on or after July 6, 2015; and
(b) in the case of the Hong Kong Special Administrative Region, with respect to taxes, for any year of assessment beginning on or after July 6, 2015.
[Reference]
- “Exchanged Notes concerning the Agreement between the Government of Japan and the Government of the Hong Kong Special Administrative Region of the People’s Republic of China for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income”
- See below for the outline of the Exchange of Notes
Notes exchanged with Hong Kong concerning Exchange of Information under the Tax Agreement (December 10, 2014)
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