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Thailand – Hong Kong Double Tax Treaty

Thailand – Hong Kong Double Tax Treaty

The important double tax agreement between Thailand and Hong Kong was signed in March 2014 and entered into force one year later. The purpose of this major convention is to protect the incomes of natural persons and companies that generate money in both states. Our lawyers in Thailand are ready to provide you with information and details about the important arrangement between Thailand and Hong Kong and also about the tax laws you need to consider when opening a company in the country.

Taxes covered by the Thailand – Hong Kong Double tax treaty

From the beginning, we mention that investors from Hong Kong who own businesses in Thailand can take advantages of the double taxation agreement between both countries and will only be taxed once for their generated incomes. The same thing is available for persons working and gaining money in Thailand, respectively under the Special Administrative Region in Hong Kong. The convention stipulates significant provisions related to dividends, royalties, capital gains, and interests. The petroleum income tax and the income tax in Thailand are protected by the double taxation agreement, besides any other applicable taxes, also mentioned in the convention, which are subject to reductions.

Additional information about the double tax treaty between Thailand and Hong Kong can be obtained from our Thai lawyers. Furthermore, if you are interested in becoming a Thai resident, you can get assistance from our lawyers. The Thailand Privilege Card Company Limited, a fully owned subsidiary of the Tourism Authority of Thailand and a division of the Ministry of Tourism and Sport, is tasked with issuing the residence permit in Thailand. You are welcome to get a legal consultation from our immigration attorneys regarding how to approach these institutes and file an application. 

Details about the DTT between Thailand and Hong Kong

Companies, branches, subsidiaries or sole proprietorships established in Thailand or Hong Kong are subject to taxation in one of the two contracting states. If certain conditions are met, the withholding tax rate on dividends, royalties or interests will be set between 0% and 15%, as the maximum level. As for the persons who work under a legal contract in Thailand or Hong Kong, the taxation of incomes will be made only in the country he/she signed the contract, but might be subject to taxation if he/she has registered additional incomes in the home country.

We invite you to contact our law firm in Thailand for extra details about the double tax treaty between Thailand and Hong Kong.