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Hong Kong - Finland Double Tax Treaty
Updated on Monday 18th June 2018based on 2 reviews
Hong Kong and Finland have signed a Comprehensive Double Taxation Agreement which will allow for the prevention of double taxation on income between the two jurisdictions. although the treaty has been signed, it will need to be ratified by each party before it can enter into force.The taxes covered by the treaty
DTA conditions
- • Resident company: the treaty will apply in case of resident companies, either incorporated in Hong Kong or in Finland.
- • Permanent establishment: for the purpose of the treaty, a permanent establishment that can benefit from double taxation relief will be considered not only a resident company but also a building site, construction site or location where activities last for more than nine months.
- • Dividends: in order to benefit from the applicable reduction of the withholding tax on dividends, the beneficial owner needs to be a resident of either Hong Kong or Finland and hold a certain percentage of ownership in the company making the dividend payments.
- • Types of income: the treaty defines several types of income (apart from dividend income) for which the double taxation relief will apply, among which income from immovable property, business profits, income from employment and others.
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