Hong Kong inks tax pact with Malaysia

Aims to avoid double-taxation.

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

The agreement was signed in April last year, and came into force on December 28 after both sides completed ratification procedures. In Hong Kong, the agreement applies to any year of assessment beginning on or after April 1, 2013.