Butterworths Hong Kong Inland Revenue Law Handbook, 3rd Edition

Authors: Lawrence Man, Hui Chui Ying

Contributor: Lai Tai Wai, David 

The third edition of the Butterworths Hong Kong Inland Revenue Law Handbook has been wholly revamped with entirely brand-new annotations, covering the most recent case law and legislative amendments to the Inland Revenue Ordinance (Cap 112).

Butterworths Hong Kong Inland Revenue Handbook (Third Edition) is a detailed work of reference containing up-to-date materials on the Inland Revenue Ordinance (Cap 112) and all its subsidiary legislation.

This Handbook provides section-by-section annotations of the Ordinance, which are succinct and easy-to-read. They encompass concise legal analyses of the Ordinance's main operative provisions and the notable definitions of words and phrases.

The Handbook focuses on not only the relevant case law in Hong Kong but also many of the significant authorities in the United Kingdom and other common law jurisdictions.

What's new in this edition:

• Concise and well-articulated analyses of s 14(1) (profits tax charging provision) in terms of its structure and constituent elements;
• Insightful discussion of the definition of 'certificate of deposit' and how it may or may not apply to debt securities in the financial market;
• Analyses of the latest transfer pricing rules from a legal perspective, including their relationship with s 14(1), with references to case law in the United Kingdom, Australia, United States and Canada;
• Insightful discussion on the definition of 'lease', illustrating certain potentially contentious aspects of the definition;
• Concise and well-articulated analysis of s 88 (the exemption rule for charitable bodies) with references to more recent developments in the United Kingdom;
• Legislative texts that are stated up to 5 June 2025 to include Part 4AA on Minimum Tax for Multinational Enterprise Groups.

This series has been cited, with authorities, in over one hundred court cases in the Hong Kong Court of First Instance, Court of Appeal, and Court of Final Appeal. Lawyers, in-house counsel, businessmen, academics, students and all others engaged or interested in taxation law will find this book invaluable.