Hong Kong Taxation and Tax Planning, 16th Edition

The objective of Hong Kong Taxation and Tax Planning is to provide readers with taxation knowledge from the basic to the advance level of tax planning. At the same time, this book is a very valuable tool for students learning their materials for the preparation of academic and professional examinations.

The author has been trying his best to accomplish the above objective in the past editions. This is done with the provision of the most updated tax knowledge and concept maps to assist readers in understanding the difficult tax knowledge.

New materials in this edition include revision of appeal procedure to Court of First Instance, qualifying corporate treasury centre, court-free company amalgamation, offshore private equity fund, base erosion and profit shifting, returns by reporting financial institutions, country-by-country reporting, new stamp duty law on property transactions, two new cases, namely Poon Cho Ming case and Pang Fei case, and etc.

In this edition, more than 30 chapters were revised and inserted with new materials. They include Chapters 8, 9, 15, 18, 21, 22, 24, 27, 28, 34, 35 and 37. This edition also included 3 newly issued Inland Revenue Departmental Interpretation and Practice Notes (DIPN) in the year. They were DIPN 51, 52 and 53. DIPN 6 and 43 were also revised with details herein. In addition, new numerical examples were added to Chapters 21 and 27 to assist readers to understand how to compute profits tax for a partnership and a club. In order to accommodate for such a large volume of revision materials, the number of pages of this edition increased by more than 5 per cent.

The author anticipates that this book is a very useful tool for those studying or practising taxation.

The law of this book has been updated to the end of March 2017.

Features:

• Written in easily understood English
• Meet students; needs by explaining how to study taxation and achieve better examination results
• “Learning objectives” at the beginning of each chapter assists students to understand what they are going to learn in each chapter
• “Questions to test your knowledge” at the end of each chapter reminds students what they have learned
• Contains more than 200 numerical examples to demonstrate the requisite knowledge
• Contains 40 “examination questions” at the end of each section testing students’ tax knowledge with suggested answers and time allowed for their reference
• Contains 28 “mock examination questions” with suggested answers and time allowed designed for different types of tax examination so as to suit students’ needs
• More than 30 chapters were inserted with new items or revised substantially
• Chapters 8, 9, 15, 18, 21, 22, 24, 27, 28, 34, 35 and 37 were very substantially rewritten to provide a better understanding on difficult topics
• Concept maps are found at the end of 35 chapters
• More examples were added in this edition to assist understanding
• New cases were updated up to 31 March 2017