Jersey - Hong Kong
Tax Treaty Signed

20-02-2012

Jersey and Hong Kong have signed an Income Tax Treaty on 15 February 2012.

The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from:

1. In the Hong Kong Special Administrative Region: in respect of Hong Kong Special Administrative Region tax, for any year of assessment beginning on or after 1 April in the calendar year next following that in which the Agreement enters into force.
2. In Jersey: in respect of Jersey tax, for any year of assessment beginning on or after 1 January in the calendar year next following that in which the Agreement enters into force.

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

• Dividends: 0% withholding tax on dividends.


• Interest: 0% withholding tax on interest.


• Royalties: 4% withholding tax on royalties.