Hong Kong (China)
A. Progress in the implementation of the minimum standard
Hong Kong (China) has 42 tax agreements in force as reported in its response to the Peer Review questionnaire. Four of those agreements comply with the minimum standard.
Hong Kong (China) joined the MLI in 2017 and has listed its non-compliant agreements in its draft definitive list of agreements to be covered under the MLI. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Hong Kong (China) is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1
← 1. For its agreements listed under the MLI, Hong Kong (China) is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI). Hong Kong (China) has made a reservation pursuant to Article 6(4) of the MLI not to apply Article 6(1) of the MLI with respect to agreements that already contain the relevant preamble language (covering one agreement). Hong Kong (China) has also made a reservation pursuant to Article 7(15)(b) of the MLI not to apply Article 7(1) of the MLI with respect to agreements that already contain a PPT (covering two agreements).