While double taxation treaties provide for relief from double taxation, Hungary has only about 73. This means that Hungarian citizens who receive income from the approximately 120 countries and territories with which Hungary does not have an agreement are taxed by Hungary, regardless of taxes already paid elsewhere. For example, the double taxation treaty with the United Kingdom provides for a period of 183 days during the German tax year (which corresponds to the calendar year); Thus, from 1 September to 31 May (9 months), a UK citizen could work in Germany and then apply to be exempt from German tax. Since double taxation treaties will ensure the protection of the income of certain countries, on 10 May 2016, the Protocol amending the India-Mauritius Agreement provides for source-based taxation on capital gains resulting from the sale of shares acquired from 1 April 2017 in a company established in India. At the same time, investments made before April 1, 2017 were made by grandfathers and are not subject to capital gains tax in India. If such capital gains arise during the transitional period between 1 April 2017 and 31 March 2019, the tax rate is limited to 50% of India`s national rate. However, the 50% reduction in the tax rate during the transitional period is subject to the article on the limitation of benefits. Tax in India at the total domestic tax rate will be applied from the 2019-2020 fiscal year. In order to implement China`s “Going Global” strategy and help domestic enterprises adapt to globalization, China is committed to promoting and signing multilateral tax agreements with other countries in order to achieve common interests. By the end of November 2016, China had officially signed 102 double taxation treaties. Of this amount, 98 agreements have already entered into force. In addition, China has signed a double taxation agreement with Hong Kong and the Macao Special Administrative Region. China also signed a double taxation treaty with Taiwan in August 2015, which has not yet entered into force.
According to the Chinese tax administration, the first double taxation agreement with Japan was signed in September 1983. The most recent agreement was signed with Cambodia in October 2016. .