The tax information exchange agreements (TIEAs) signed with four Nordic jurisdictions (i.e. Denmark, the Faroes, Iceland, and Norway) in August 2014 entered into force on December 4, 2015.
These TIEAs will become effective from year of assessment 2016/2017 in Hong Kong. For the other contracting jurisdictions, the TIEAs will take effect for exchange of information (EoI) in respect of
- (i) the taxable periods beginning on or after December 4, 2015 or
- (ii) where there is no taxable period, for all charges to tax arising on or after December 4, 2015.
IMC Group