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Local Business News
On 16 Jan, HK has signed its 36th CDTA with Belarus, an economy along the Belt & Road.
Before it was signed, the profits of HK firms doing business in Belarus may be taxed in both HK & Belarus
; similarly for Belarusian firms, the income made in HK could be taxed in both places. The CDTA not only avoids double taxation, but also enables HK to fulfill its int’l obligations on enhancing tax transparency & combating tax evasion.
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