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What is the interest withholding rate between China and Hong Kong?
Under the China-Hong Kong tax treaty, the withholding rate on interest is 7%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 7% rate compares to a median of 10% across China's 47 active treaty partners, and 0% across Hong Kong's 23 active partners.
Network Comparison
China
Rank 6 of 47 active treaties (lowest rate = #1)
Lower rates with: Russia (0%), Saudi Arabia (5%), Czech Republic (7%)
Higher rates with: Singapore (7%), Austria (10%), Australia (10%)
Hong Kong
Rank 17 of 23 active treaties (lowest rate = #1)
Lower rates with: Singapore (0%), United States (0%), Vietnam (0%)
Higher rates with: Canada (10%), Indonesia (10%), Japan (10%)
Important: Treaty rates require proper claim forms (e.g., IRS Form W-8BEN for U.S. treaties, HMRC DT-Individual for U.K. treaties, CRA Form NR301 for Canadian treaties) filed before payment. Limitation on Benefits (LOB) provisions may restrict eligibility. A 0% withholding rate does not mean no tax — the residence country may still tax the income. This is not tax advice.