HK, Jordan sign tax agreement

Any tax paid in Jordan will be credited against the tax payable in Hong Kong.

Hong Kong Secretary for Financial Services & the Treasury Christopher Hui has signed a comprehensive avoidance of double taxation agreement (CDTA) with Jordan.

In accordance with the CDTA, any tax paid in Jordan will be credited against the tax payable in Hong Kong in respect of the same income, subject to the provisions of the Inland Revenue Ordinance.

Moreover, Jordan’s withholding tax rates for Hong Kong residents on dividends, interest and royalties will be capped at 5%.

Hui highlighted that the CDTA will help investors better assess their potential tax liabilities from cross-border economic activities.