(1/2006)
The first agreement on the elimination of double taxation by and between the Thai government and Hong Kong Special Administrative Region ("Hong Kong") was signed on 7 September 2005, the bilateral exchange of instruments of ratification took place on 7 December 2005. Therefore the Thai-Hong Kong DTA become effective as follows:
Thai Tax : The provisions applicable to withholding tax are effective and apply to payments made on January 1, 2006 onwards, while corporate income tax, personal income tax and petroleum income tax are effective from accounting periods commencing on or after 1 January 2006 onwards.
Hong Kong Tax: Provisions applicable to Hong Kong tax will take effect for accounting periods commencing on or after 1 April 2006 onwards.
