Hong Kong Master Tax Guide 2023/24 31st Edition (1 year online subscription + hardcopy)

The latest 2023/24 edition delivers the up-to-date tax law changes in Hong Kong and their implications since the last edition including:

• Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Ordinance 2022;
• Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Ordinance;
• Updates on Stamp Duty Ordinance;
• Updates on Board of Review cases in profits tax, salaries tax and stamp duty, including John Wiley & Sons UK2 LLP and Wiley International LLC v the Collector of Stamp Revenue;
• Updates on the Inland Revenue Department’s Departmental Information and Technology Plan and e-Filing Project;
• Updated Transfer Pricing guidance from the Inland Revenue Department,  including Transfer Pricing specific Departmental Interpretation and Practice Notes (“DIPNs”) and relevant Transfer Pricing content from other DIPNs;
• International tax developments, including updates on the OECD’s Base Erosion and Profit Shifting (BEPS 2.0) Project which will impact Hong Kong;
• Updates on the implementation of Pillar 2 under BEPS 2.0 in Hong Kong; and
• Other tax measures announced by the Financial Secretary in the 2023/24 Budget.

The Hong Kong Master Tax Guide is a handy desktop reference book and provides comprehensive and up-to-date explanation of Hong Kong taxation laws. It provides a clear, concise, practical, and up-to-date commentary covering the full scope of Hong Kong Taxation Law, it also provided concepts governing taxation of companies, businesses, individuals, partnerships, clubs, and associations in Hong Kong.

Topics Covered:

1. Introduction to Hong Kong Revenue Law
2. Salaries Tax
3. Personal Allowances
4. Personal Assessment
5. Property Tax
6. Profits Tax: Chargeability, Basis Period and Profits Tax Rates
7. Profits Tax: Stock Valuation, Deductions and Losses
8. Profits Tax: Special Items, Businesses and Taxpayers
9. Depreciation and Other Capital Allowances
10. Returns and Information, Assessment, Provisional Tax
11. Payment and Recovery of Tax
12. Objections, Appeals
13. Offences and Penalties
14. Advance Rulings, Anti-avoidance
15. Stamp Duty
16. International Tax Considerations: Tax Treaties and BEPS
17. Transfer Pricing