Order on Comprehensive Avoidance of Double Taxation Agreement with Mauritius to be gazetted
The Chief Executive in Council has made an order under the Inland Revenue Ordinance (Cap. 112) to give effect to a Comprehensive Avoidance of Double Taxation Agreement (CDTA) that Hong Kong signed with Mauritius in November 2022. The order will be gazetted on April 28.
"Under the CDTA, investors will not have to pay tax twice on a single source of income. This will bring tax savings and a greater certainty on taxation liabilities for the residents of Hong Kong and Mauritius when they engage in cross-border trade and investment activities," a Government spokesman said today (April 26).
The order will be tabled at the Legislative Council on May 3 for negative vetting. In accordance with the relevant article of the CDTA, the CDTA will enter into force after both Hong Kong and Mauritius have completed their ratification procedures.
Highlights of the CDTA are set out in the Annex.
Ends/Wednesday, April 26, 2023
Issued at HKT 15:00
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