The
Institute was established on 29th September 1972 by a group of professionals
interested in taxation and related matters. It was incorporated under
the Hong Kong Companies Ordinance as a company limited by guarantee.
Initially 34 members subscribed to the Memorandum and Articles of Association.
Being a non-profit making professional body, the Institute was approved
by the Registrar of Companies under Section 21 of the Companies Ordinance
for omission of the word "limited" in its name on 29th January 1981.