The Liechtenstein government has announced a correction to its release dated March 16, pertaining to the bilateral double taxation agreement (DTA) in place between Liechtenstein and Hong Kong.
According to the principality’s government, although Liechtenstein ratified the agreement on March 16, 2011, as indicated at the time, ratification of the DTA by Hong Kong is still pending.
Consequently, Liechtenstein’s latest announcement emphasizes the fact that the agreement has not therefore entered into force. The entry into force date will be published following notification from Hong Kong, the government adds.
Hong Kong’s ratification of the DTA is expected in the next few months, and the agreement will presumably apply from the 2012 tax year, Liechtenstein’s government concludes.
.Tags: tax | agreements | Organisation for Economic Co-operation and Development (OECD) | Hong Kong | Liechtenstein | Hong Kong | Organisation for Economic Co-operation and Development (OECD) | Liechtenstein
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