Taxation in Hong Kong: A Practical Guide 2019-2020 (Student Edition)

The new edition of this title is now updated to cover the newest developments and trends in Hong Kong taxation for the year 2019/20.

The practical aspect of this title has proven to be of great value to candidates preparing for their professional qualification exams as well as to taxation and accounting students who would like to pursue a career in this exciting industry. The book provides an in-depth analysis of the taxation related issues in Hong Kong, from the implementation of new legislation to the latest departmental notes and current tax cases, as well as international tax topics related to Automatic Exchange of Financial Account Information (“AEol”) promulgated by the Organisation for Economic Co-operation and Development (“OECD”) and the Base Erosion and Profit Shifting Initiative (“BEPS”).

New materials covered in the 2019/20 edition includes the following:
− changes announced in the 2019/20 budget;
− deduction of contributions to voluntary health insurance scheme
− deduction of deferred annuity premium and MPF voluntary contributions
− amended rules for election of personal assessment
− introduction of two-tiered profits tax rates
− introduction of deeming provision on appropriation of trading stock
− amendment on deduction rules of R&D expenditure and related deeming provisions
− amendment on deduction rules of environmental protection installation
− new definition of permanent establishment
− alignment of tax treatment and accounting treatment for financial instruments
− introduction of transfer pricing legislation; and
− newly signed double taxation agreements.

Discussion on China tax for cross-border business is included and updated in this edition. The book also examines recent tax cases on such areas of practice as source of profits, capital/revenue receipt, taxability of unrealised gains, taxability of a lump sum received, and appeals procedure. Topic-related revision questions at the end of each chapter with suggested solutions are particularly useful for professional taxation examination candidates and undergraduate and postgraduate students.

Remarks: Student Edition is only sold to Hong Kong local university students. Please place your orde first and email a scan copy of your student card to [email protected] to prove your student identity. Please click here to buy professional edition if you are NOT student.