Your ref: TsyB R2 183/800-1/1/0 (C)
31 July 2020
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 By Email and Post
Dear Mr Lo
Potential Tax Treaty Partners for Hong Kong
Thank you for your letter of 2 July 2020 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 (“CDTAs”).
The Chamber believes the pursuit of CDTAs is the right direction for Hong Kong in maintaining its role as a preferred conduit for facilitating the flow of international trade and investment. A wider network of CDTAs would also help us attract international businesses that are keen to capitalise on the opportunities that our unique position offers as a strategic gateway for investments in and out of the Mainland. As such, we recommend that the Government consider the jurisdictions on the attached list for CDTA discussions.
We also understand that the Government is currently engaged in CDTA negotiations with Germany, Nigeria and Turkey. Given the considerable market size of these three countries, we look forward to the successful conclusion of such negotiations as soon as practicable.
Proposed Potential CDTA Negotiation Partners
Sign up for the latest news & offers.