20 January 2023
Mr Stephen Lo
Principal Assistant Secretary for Financial Services & the Treasury (Treasury)(R2)
Financial Services and the Treasury Bureau
24/F, Central Government Offices
2 Tim Mei Avenue, Tamar
Hong Kong
Dear Mr Lo
Potential Tax Treaty Partners for Hong Kong
Thank you for your letter of 29 December 2022 inviting the Hong Kong General Chamber of Commerce to provide suggestions on prospective jurisdictions that Hong Kong should actively pursue Comprehensive Avoidance of Double Taxation Agreements.
The Chamber feels very strongly about the need to scale up Hong Kong’s treaty network as the ability to do so has a direct and considerable impact on our attractiveness as a location for international businesses to conduct their operations. With the recent lifting of Covid-related restrictions, we are hopeful that substantive progress would be made in the near term to engage the jurisdictions as set out on the attached list, as well as successful conclusions to ongoing negotiations with Germany and Nigeria.
We hope you will find our recommendations useful
Yours sincerely
George Leung
CEO
Encl.
Proposed CDTA partners to be accorded with priority
Jurisdiction
Reasons
Asia
Singapore
The Philippines
Taiwan
Azerbaijan
Australasia
Australia
Americas
Chile
Colombia
Africa
Egypt
Cameroon
Libya
Europe
Poland
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