LIECHTENSTEIN

Hong Kong, Liechtenstein DTA In Force

The government of Hong Kong on August 10 announced the coming into force of its double tax agreement (DTA) with Liechtenstein.

On July 8, 2011, Hong Kong notified Liechtenstein that it had completed its ratification procedures, necessary for the treaty to enter into force. Liechtenstein had notified the Hong Kong authorities of the conclusion of their processes on March 16, 2011.

According to Article 28 of the Agreement, the DTA shall, upon the written notifications by both sides of the completion of their respective required approval procedures, enter into force on the date of the later of these notifications. The DTA is therefore effective from July 8, 2011.

The agreement will apply in Hong Kong for any year of assessment beginning or after April 1, 2012.

Quelle: Tax-News.com

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