Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: cpt :: form 3cd :: empanelment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES
 
 
« News Headlines »
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you

India, Hong Kong plan double tax avoidance pact
December, 15th 2007
India and Hong Kong have agreed to work towards a double taxation avoidance agreement (DTAA). Plans are also afoot to start negotiations next week on the Air Services agreement so as to increase the number of direct flights between Hong Kong and Delhi as well as Hong Kong and Mumbai.

Both the sides have agreed to reopen negotiations towards an investment promotion and protection agreement. These decisions were taken at a meeting that Hong Kongs Financial Secretary, Mr John C Tsang, had with the Union Finance Minister, Mr P Chidambaram, here today, a Hong Kong government official told Business Line.

Trade observers point out that increase in direct flights would give further boost to economic ties between the two countries.

I hope to see increased number of direct flights between Hong Kong and Delhi as well as Hong Kong and Mumbai, Mr Christopher Jackson, Director, Corporate Development, Hong Kong Trade Development Council said.

Meanwhile, Mr Tsang on Friday asked Indian companies to make use of the closer economic partnership arrangement (CEPA), a free trade agreement between Hong Kong and China, to access the Mainland market. He also wanted Indian companies to look at Hong Kong stock market as a source of capital and diversification for their fund raising activities.

Under the concept of one country two systems, Hong Kong remains a separate member of the World Trade Organisation (WTO). CEPA was launched in mid-2003 and offers Hong Kong companies enhanced access to the Mainland above Chinas WTO commitments in both manufacturing and services.

Mr Tsang highlighted that Hong Kong had a nationality neutral policy and that foreign services firms incorporated in Hong Kong can leverage on CEPA to do business in the Mainland. Under CEPA, currently 27 service sectors enjoy enhanced access. Another 11 services sector would be added to the list from January 1 next year.

For new arrivals wishing to benefit from CEPA, there are plenty of opportunities to partner with companies already in Hong Kong. It is also worth noting that CEPA applies nationally in every province of China, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions