Hong Kong – Romania: Tax Treaty Signed
On 18 November 2015, Hong Kong and Romania signed an Income Tax Treaty.
The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January of the calendar year next following that in which the agreement enters into force.
In accordance with the treaty, the following withholding taxes will apply:
Dividends:
- 3% if the beneficial owner is a company (other than a partnership) which holds directly at least 15% of the capital of the company paying the dividends;
- 5% in all other cases.
Interest: 3%.
Royalties: 3%.
