by admin Comment Closed
  • Version
  • Download 15
  • File Size 340.96 KB
  • File Count 1
  • Create Date 5 October, 2017
  • Last Updated 11 March, 2021

A Review of Recent Board of Review Cases 201710

This article reviews the cases reported in Board of Review Decisions Volume 31 ( rst and second supplements). There are six pro ts tax cases, one property tax case, two penalty tax cases, and two cases on administrative matters. The six pro ts tax cases cover a wide variety of issues, including deduction of the acquisition costs of moulds/machinery used by persons other than the taxpayers in mainland China, change of intention in holding a property, source of pro ts, deduction of expenses, and the applicability of sections 20 and 61A of the Inland Revenue Ordinance. The property tax case relates to the issue of beneficial ownership. The Board dismissed the two cases on penalty tax and the two cases on administrative issues.