
Hong Kong and Mexico tax pact rolls out today
Brace yourself for tighter safeguards against tax evasion.
In a report, the Financial Services & the Treasury Bureau says that an agreement between Hong Kong and Mexico for the avoidance of double taxation and the prevention of income tax evasion is now in effect.
The agreement was signed in June last year and comes into force today, as ratification procedures by both sides are complete.
It will be effective in Hong Kong for any year of assessment beginning on or after April 1, 2014.