Hong Kong and Norway have signed a comprehensive agreement to avoid double taxation, aimed at strengthening cross-border business and investment between the two jurisdictions.
The agreement was signed on Tuesday 16 December in Beijing by Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, and Norway’s Ambassador to China, Vebjørn Dysvik, on behalf of their respective governments.
According to the Hong Kong government, the agreement clarifies how taxing rights are allocated between Hong Kong and Norway, allowing companies and investors to better assess tax liabilities arising from cross-border economic activities.
Under the agreement, tax paid by Hong Kong residents in Norway can be credited against tax payable in Hong Kong on the same income, subject to Hong Kong’s Inland Revenue Ordinance. Norway’s withholding tax on dividends paid to Hong Kong residents will also be reduced from up to 25 percent to either 5 percent or 15 percent, depending on shareholding levels.
Christopher Hui said Norway is an important trading partner for Hong Kong in Northern Europe and noted that negotiations progressed rapidly after discussions held during his visit to Norway earlier this year.
The agreement with Norway is Hong Kong’s 55th comprehensive double taxation agreement. In 2025 alone, Hong Kong has signed similar agreements with Jordan, Maldives, Rwanda and Norway, as part of broader efforts to expand its international tax treaty network.
The agreement will enter into force once ratification procedures have been completed by both sides. In Hong Kong, this will require approval by the Chief Executive in Council and subsequent tabling in the Legislative Council.
During the Beijing meeting, the two sides also discussed potential cooperation in areas including maritime finance, green finance and wealth management.
Source: info.gv.hk
