Double Tax Treaty Between Hong Kong & India Established
Hong Kong and India have signed a double taxation treaty (DTT) or agreement, effectively placing a stop limit on the cross-border withholding tax rates in both jurisdictions to the following amounts:
- 5% on shares & dividends;
- 10% on royalties and interest income.
Additionally, any tax paid in one jurisdiction will show as a credit to offset any payable tax in the other, further strengthening economic ties and relations between inhabitants of both countries.