HONG KONG, March 2 (Xinhua) -- Christopher Hui, secretary for financial services and the treasury of the Hong Kong Special Administrative Region (HKSAR) government, on Monday signed on behalf of the HKSAR government a comprehensive avoidance of double taxation agreement (CDTA) with the government of the Kyrgyz Republic.
Hui said that as stated in the newly announced 2026-27 budget, Hong Kong will further expand its CDTA network, adding that the CDTA with the Kyrgyz Republic is the 56th that Hong Kong has concluded, signifying the ongoing achievements of the HKSAR government's continuous efforts.
Hui said that this CDTA sets out the allocation of taxing rights between Hong Kong and the Kyrgyz Republic, which will enable investors to better assess their potential tax liabilities from cross-border economic activities and avoid double taxation, which will create a more attractive business environment for promoting bilateral trade and investment.
