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Company Formation Singapore



Singapore-Hong Kong Limited Tax Treaty

Updated on Monday 18th December 2017

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Singapore-Hong-Kong-limited-tax-agreementOver the years, Singapore has signed various double taxation agreements. While some of the city-states treaties provided for the elimination of double taxation, other conventions were limited to certain incomes. Among Singapore’s limited taxation treaties is also the one with the Hong Kong Special Administrative Region. The following taxes are covered by the Singapore-Hong Kong limited tax agreement which was enforced in 2005:

  • -          the income tax in Singapore;
  • -          the profits and the salaries taxes in Hong Kong.

Other similar taxes will also be covered by the agreement. Moreover, any change to one of the contracting states’ taxation system will be announced to the other party, if the change affects in any way the provisions of the limited tax agreement.

Taxation under the Singapore-Hong Kong limited taxation treaty

The limited taxation agreement between Singapore and Hong Kong covers both individuals and companies resident of one or both contracting states. The convention specifies that residence in based on registration for taxation purposes within Singapore or Hong Kong.

Income under the Singapore-Hong Kong limited tax convention refers to the revenue resulted from aircraft and shipping undertakings. Income from any of these activities will be exempt from taxation in both contracting states.

Avoidance of double taxation in Singapore and Hong Kong

The limited taxation agreement between Singapore and Hong Kong stipulates that the avoidance of double taxation will be done as it follows:

  • -          income resulted from operating a ship or an aircraft by a Hong Kong or a Singapore company in international traffic will be exempt from taxation in the other state;
  • -          income resulted from selling or renting a ship or an aircraft will be exempt from taxation in both contracting states;
  • -          Hong Kong and Singapore companies participating in a joint venture related to aircraft or shipping operations will be exempt from taxation under the limited tax treaty;
  • -          income resulted from employment related to operating a ship or an aircraft by a Hong Kong or Singapore resident will be taxed in the recipient’s country of residence.

For complete information about the provisions of the limited taxation treaty with Hong Kong, you can contact our company formation agents in Singapore.



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