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Govt showcases tech solutions

At the second edition of the InnoEX which started today, over 100 technology solutions, including those developed by government departments, are being showcased at the Smart Hong Kong Pavilion set up by the Office of the Government Chief Information Officer (OGCIO).   Through interactive experiences and live demonstrations, the pavilion displays the fruitful achievements in advancing the development of innovation and technology (I&T) and smart city in Hong Kong brought about by the concerted efforts of the Government and various sectors, the OGCIO said.   Financial Secretary Paul Chan and Secretary for Innovation, Technology & Industry Professor Sun Dong visited the pavilion today. They were briefed by Government Chief Information Officer Tony Wong on how the OGCIO promotes the active adoption of I&T among government departments and works in collaboration with the local I&T sector to put forward innovative solutions, with a view to empowering public services wit

HK, Bahrain tax pact signed

Hong Kong yesterday signed a comprehensive avoidance of double taxation agreement (CDTA) with Bahrain.

 

Under the pact, Hong Kong companies can enjoy double taxation relief in that any tax paid in Bahrain, whether directly or by deduction, in accordance with the CDTA will be allowed as a credit against the tax payable in Hong Kong in respect of the same income, subject to the provisions of Hong Kong’s tax laws.

 

Secretary for Financial Services & the Treasury Christopher Hui said that Bahrain is one of the economies participating in the Belt & Road Initiative and he has confidence the agreement will further promote economic and trade connections between Hong Kong and Bahrain.

 

He added that the pact will also offer additional incentives for the business sectors of both sides to do business or make investments.

 

Additionally, Hong Kong will continue to negotiate with trading and investment partners with a view to expanding its CDTA network, so as to enhance the attractiveness of Hong Kong as a business and investment hub and consolidate the city's status as an international economic and trade centre.

 

This CDTA is the 49th agreement that Hong Kong has concluded.

 

Secretary for Commerce & Economic Development Algernon Yau, who was on an official visit to Manama, signed the CDTA with Bahrain on behalf of the Hong Kong Special Administrative Region Government.

 

Click here for details of the CDTA


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