The US IRS, in Announcement 2020-40, has advised that the United States provided written notification, dated August 18, to the Government of the Hong Kong Special Administrative Region of its termination of a reciprocal agreement to exempt from income tax certain income from the international operation of ships.
This announcement states that the termination shall take effect on January 1, 2021, and shall have effect for taxable years beginning on or after that date
Announcement 2020-40 will be in IRB: 2020-45, dated 11/2/2020.
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