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Hong Kong Profits Tax – Source of Profits Hong Kong Profits Tax is territorial in nature and only profits which have, or which are deemed to have, a Hong Kong source subjects to ...
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Locality of Profits – Hong Kong Trading Companies In light of various court decisions, the Inland Revenue Department views on the locality of profits from trading in commodities ...
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Hong Kong Tax – Advance Ruling (Continued 2) According to Part 1 of Schedule 10 of the Hong Kong Inland Revenue Ordinance (“IRO”), advance ruling will not be made or Hong Kong ...
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Hong Kong Tax – Advance Ruling (Continued 1) 1. Advance Rulings (to obtain early decisions on uncertain tax matters) A ruling will only be given for a seriously contemplated ar...
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Hong Kong Tax – Errors or Omissions on Tax Return Where there is a tax assessment raised by the Hong Kong Inland Revenue Department (“IRD”), the taxpayer who disagrees with the...
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Hong Kong Tax – Advance Ruling Advance Ruling under section 88A of the Hong Kong Inland Revenue Ordinance (“IRO”) is for those who wish to ascertain the tax position of a conte...
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Hong Kong Profits Tax – Application for Exemption from Tax Hong Kong offers good opportunity for offshore arrangements. Hong Kong’s territorial source principle of taxation rend...
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Hong Kong Tax – Field Audit and Investigation The Field Audit and Investigation Unit of the Hong Kong Inland Revenue Department (“IRD”) is responsible for conducting tax field ...
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Introduction to Hong Kong Partnership Business General Where a person joins with other people to conduct business for getting profits, this is a partnership business. The Hong Ko...
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Hong Kong Sole Proprietorship Company Registration General A sole proprietorship business is the kind of business that is conducted by one person. The person runs the business on...
