Skip to main content

Featured

GBA rule of law action plan released

The Action Plan on the Construction of Rule of Law in the Guangdong-Hong Kong-Macao Greater Bay Area has been released, the Department of Justice (DoJ) announced today.   Secretary for Justice Paul Lam explained that the action plan has two intentions, namely to underpin the guiding principle of “Three Interfaces, Two Connects & One Greater Bay Area”, and strengthen collaboration with the legal and dispute resolution sectors and other stakeholders to effectively implement policy measures set out in the plan.   Through mechanisms, regulatory frameworks and talent – the “three interfaces” – the DoJ said it will promote hardware and software connectivity in constructing rule of law in the bay area, co-operation between the various cities according to their respective strengths, and collaboration between different legal systems, thereby eventually achieving the goal of “one Greater Bay Area”.   Deputy Secretary for Justice Cheung Kwok-kwan, who is also the leading Hong Kong

HK, Bahrain tax pact signed

Hong Kong yesterday signed a comprehensive avoidance of double taxation agreement (CDTA) with Bahrain.

 

Under the pact, Hong Kong companies can enjoy double taxation relief in that any tax paid in Bahrain, whether directly or by deduction, in accordance with the CDTA will be allowed as a credit against the tax payable in Hong Kong in respect of the same income, subject to the provisions of Hong Kong’s tax laws.

 

Secretary for Financial Services & the Treasury Christopher Hui said that Bahrain is one of the economies participating in the Belt & Road Initiative and he has confidence the agreement will further promote economic and trade connections between Hong Kong and Bahrain.

 

He added that the pact will also offer additional incentives for the business sectors of both sides to do business or make investments.

 

Additionally, Hong Kong will continue to negotiate with trading and investment partners with a view to expanding its CDTA network, so as to enhance the attractiveness of Hong Kong as a business and investment hub and consolidate the city's status as an international economic and trade centre.

 

This CDTA is the 49th agreement that Hong Kong has concluded.

 

Secretary for Commerce & Economic Development Algernon Yau, who was on an official visit to Manama, signed the CDTA with Bahrain on behalf of the Hong Kong Special Administrative Region Government.

 

Click here for details of the CDTA


http://dlvr.it/T3Zpbf

Popular Posts