Hong Kong inks tax pact with Jersey

It will avoid double-taxation.

In a report, the Financial Services & the Treasury Bureau said that a double-taxation avoidance agreement between Hong Kong and Jersey has entered into force.

The agreement was signed in February last year, and came into force on July 3 after both sides completed ratification procedures.

In Hong Kong, the agreement applies to any year of assessment beginning on or after April 1, 2014.