Category: APJT Archive

Supplements 2 and 3 of Volume 24 of the Board of Review (Inland Revenue) Decisions have now been published; they contain over 20 cases on profits tax, salaries tax, property tax, personal assessment, penalties, and a case stated, which together cover the denial of depreciation allowance, disallowance of consultancy fees, employment source issues, and so forth. So as not to waste their time, readers are invited directly to the following commentaries on the decisions....

Among the various taxes and duties administered and collected by the Hong Kong Inland Revenue Department (IRD), over the past five years stamp duty has been one of the top three contributors to the revenue of the Hong Kong Government. Stamp duty is charged on documents. In Hong Kong, the governing legislation of stamp duty is the Stamp Duty Ordinance (SDO) (Chapter 117). Its charging scope includes, inter alia, a conveyance on sale of immovable property in Hong Kong and a transfer of Hong Kong stock....