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08-Mar-2013

HK, Mexico tax treaty in force

An agreement between Hong Kong and Mexico for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has entered into force, a government spokesman said today (March 8).

The agreement was signed in June last year. It came into force on March 7, 2013 after completion of ratification procedures on both sides. It will have effect in Hong Kong for any year of assessment beginning on or after April 1, 2014.

"As the next step, we look forward to further enhancing economic ties between Hong Kong and Thailand through Hong Kong's eventual accession to the China-ASEAN Free Trade Area. We are delighted and encouraged to receive Thailand's support for our request for accession to the free trade area," Mr So added.
 
The cooperation arrangement aims to encourage and promote economic co-operation in trade in goods and services, investment, trade-related rules and regulations, collaboration of small and medium enterprises, logistics and transport, tourism, information and communication technology, applied research and development, human resource development, intellectual property rights, and the creative economy's development.