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Taxation in Hong Kong: A Practical Guide 2020-2021

Taxation in Hong Kong: A Practical Guide 2020-2021

Author: Percy Wong; Jody Wong
Publisher: Wolters Kluwer (HK) (formerly CCH)
ISBN: 9789887840596
Published In: October 2020
Format: Paperback , 900 pages
Jurisdiction: Hong Kong ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

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Contents
Author

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Remarks: 2021-2022 Edition is coming in September 2021.

The new edition of this Wolters Kluwer title is now updated to cover the newest developments and trends in Hong Kong taxation for the year 2020/21. 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 issues promulgated by the Organisation for Economic Co-operation and Development (“OECD”) such as the Base Erosion and Profit Shifting Initiative (“BEPS”).

New materials covered in the 2020/21 edition include the following:
- changes announced in the 2020/21 budget;
- DIPNs 18, 35, 36, 37, 56 and 57 (Revised) issued in February 2020
- DIPN 31 (Revised) issued in April 2020
- DIPN 39 (Revised) issued in March 2020
- DIPN 42 (Revised) issued in June 2020
- DIPNs 47 (Revised) and 48 (Revised) issued in July 2020
- DIPNs 58, 59 and 60 issued in July 2019
- Newly signed double taxation agreements/arrangements and protocols
- Discussion on China tax for cross-border business and employment 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.
- Illustrative examples, case studies, diagrams, tables and flowcharts and dissects the IPO roadmap into layers to provide on in-depth analysis and better understanding of the issues that need to be considered in listing a company on the Hong Kong Stock Exchange
- Contains user-friendly Indexes, section finding list and case table which ensure fast access to information
Remarks: Student Edition is available for Hong Kong local university students. Please click here if you are student.
1. Introduction to Hong Kong Revenue Law
2. Salaries Tax
3. Personal Allowances
4. Personal Assessment
5. Property Tax
6. Profits Tax
7. Depreciation and Other Capital Allowances
8. Double Taxation Relief
9. Returns and Information • Assessment to Tax • Provisional Tax
10. Payment and Recovery of Tax
11. Objections • Appeals
12. Offences and Penalties
13. Advances Rulings • Anti-Avoidance Measures
14. Stamp Duty
Mr Percy Wong, CPA, FCCA, ATIHK, CTA, BSocSci, & MBA, is a teaching fellow at The Hong Kong Polytechnic University, specialising in taxation. He is also the Work-integrated Education Coordinator for the School of Accounting and Finance of the university. He has over 15 years of teaching experience at tertiary level. Prior to joining the University, he was a senior tax manager at an international CPA firm. He is a Council Member of The Taxation Institute of Hong Kong. He is also a member of the Taxation Faculty of the Hong Kong Institute of Certified Public Accountants and a member of the Taxation Committee of Hong Kong General Chamber of Commerce. He has been a member of the Inland Revenue Board of Review for the years 2007 to 2013. Moreover, he is one of the joint editors of the Asia Pacific Journal of Taxation, jointly organized by The Taxation Institute of Hong Kong and The Hong Kong Polytechnic University. In addition, he serves as examiner and moderator for examination of various local and international professional bodies.

Dr Jody Wong, PhD, MSc, BA, FCCA, FCPA, CTA, is a teaching fellow at the School of Accounting and Finance of The Hong Kong Polytechnic University. He is also the programme manager of the Master of Professional Accounting programme. He is a certified public accountant and a certified tax adviser in Hong Kong. Prior to joining the University, he has acquired substantial practical experience in the fields of accounting, auditing and taxation through working in the commercial sector, an international CPA firm and the tax department. He also serves as examiner and academic consultant for professional bodies and tertiary institutions, and publishes in the Asia-Pacific Journal of Taxation.