Hong Kong's Comprehensive Avoidance of Double Taxation Agreement ("CDTA") with Armenia came into force on April 9, 2025. This agreement prevents double taxation and promotes cross-border trade and investment, with the first application to tax year 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Comprehensive Avoidance of Double Taxation Agreement ("CDTA") between Hong Kong and Armenia, signed in June 2024, has entered into force as of April 9, 2025, following successful ratification processes. This agreement will apply to Hong Kong tax for any year of assessment beginning on or after April 1, 2026.
The CDTA provides a mechanism for Hong Kong and Armenia companies and residents to avoid double taxation on income derived from each other, thereby offering clarity on tax liabilities. This is instrumental in saving tax and encouraging cross-border trade and investment.
As of the issue date, Hong Kong has established CDTAs with 51 tax jurisdictions. The full text of the CDTA is accessible to the public on the Hong Kong e-Legislation website.
Ends/Tuesday, April 15, 2025
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