The provisions of the tax treaty between Hong Kong and Spain came into effect on 1 January 2013 in Spain. In Hong Kong, the provisions will come into effect on 1 April 2013.
The treaty was signed on 1 April 2011 and came into force on 16 April 2013.
As per the treaty the following withholding taxes will apply:
EUCED - European Network for Economic Cooperation and Development is a European Economic Interest Grouping (EEIG), as per EU Council Regulation # 2137/85, established for European and worldwide economic and development operations. As well as, the status of an European Business Association.Read more