• Hong Kong - Romania
    Tax Treaty Signed

    20-11-2015

    On 18 November 2015, Hong Kong and Romania 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 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:
      • 3% if the beneficial owner is a company (other than a partnership) which holds directly at least 15% of the capital of the company paying the dividends;
      • 5% in all other cases.

    • Interest: 3%.

    • Royalties: 3%.
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Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.

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