On December 9, 2016 the Government of the Hong Kong Special Administrative Region announced that the Agreement between the Hong Kong Special Administrative Region of the People’s Republic of China and Romania for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, which was signed on November 18, 2015 (Hereafter: the DTA), entered into force on November 21, 2016.

The fact that the DTA entered into force on November 21, 2016 means that based on Article 27, Paragraph 2 of the DTA (“Entry into Force”) the provisions of the DTA shall have effect with respect to income derived on or after January 1, 2017.

In our article from November 18, 2015 we already discussed a selection of provisions included in the DTA of which we think they might interest our readers.

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