• Hong Kong - Latvia
    Tax Treaty Signed

    18-04-2016

    On 13 April 2016, Hong Kong and Latvia signed an Income Tax Treaty.

    The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January in Latvia and from 1 April in Hong Kong, of the calendar year next following that in which the agreement enters into force.

    In accordance with the treaty, the following withholding taxes will apply:

    • Dividends:
      • 0% if the beneficial owner is a company (other than a partnership).
      • 10% ion all other cases.
    • Interest:
      • 0% if the beneficial owner of the interest is a company (other than a partnership).
      • 10% in all other cases.
    • Royalties:
      • 0% on royalties for the use of, or the right to use, industrial, commercial or scientific equipment or for information concerning industrial, commercial or scientific experience if the royalties are paid by a company that is a resident of a Contracting Party to a company (other than a partnership) that is a resident of the other Contracting Party and is the beneficial owner of the royalties.
      • 3% in all other cases.
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