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Hong Kong and Portugal Agreement for Avoidance of Double Taxation



Hong Kong and Portugal Agreement for Avoidance of Double Taxation


Hong Kong and Portugal have a Comprehensive Agreement for the Avoidance of Double Taxation (CDTA) in place. This agreement was signed in March 2011 and entered into effect for tax purposes in April 2013.


The main purpose of the CDTA is to avoid double taxation on income earned by businesses and individuals who are resident in one of the jurisdictions but derive income in the other. It also helps prevent fiscal evasion.


Here are some of the key benefits of the CDTA for residents of Hong Kong and Portugal:


  • Reduced withholding tax rates: The agreement reduces withholding taxes on dividends, royalties, and interest.

  • Exemption from tax: Profits from international shipping transport earned by Hong Kong residents in Portugal are exempt from tax.

  • Tax clarity: The CDTA provides businesses and individuals with more certainty about their tax liabilities in both jurisdictions.


You can find more information about the Hong Kong-Portugal CDTA on the websites of the Inland Revenue Department of Hong Kong IRD Hong Kong and the Portuguese government.


How Bestar can Help


Bestar can assist businesses and individuals in Hong Kong and Portugal with the following aspects of the Comprehensive Agreement for the Avoidance of Double Taxation (CDTA):


  • Determining residency status for tax purposes in Hong Kong and Portugal

  • Identifying the relevant provisions of the CDTA that apply to a specific tax situation

  • Preparing and filing tax returns that take advantage of the CDTA benefits

  • Negotiating with tax authorities in Hong Kong and Portugal regarding CDTA-related matters

  • Keeping clients informed about any changes to the CDTA that may affect their tax liabilities


By working with Bestar, businesses and individuals can ensure that they are maximizing the benefits of the CDTA and minimizing their overall tax burden.




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