The agreement between Italy and Hong Kong for the avoidance of double taxation with respect to taxes on income and the prevention of fiscal evasion has entered into force on 10th August 2015.
It will be in effect in respect of Hong Kong tax for any year of assessment beginning on or after April 1, 2016 and for the Italian tax system on or after January 1, 2016.
The CDTA between Hong Kong and Italy will bolster the economic and trade connections between the two places, and offer added incentives for companies in Italy to do business or invest in Hong Kong, and vice versa.
Full text of the Agreement