Tuesday, March 15, 2011

HONG KONG AND HUNGARY SIGN INCOME TAX TREATY

Brief provisions of the income tax treaty and protocol between Hong Kong and Hungary, signed on 12 May 2010, are as under: The maximum rates of withholding: 10% on dividends in general 5% on interest in general 5% on royalties. Hong Kong generally applies the credit method to avoid
double taxation

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