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Hong Kong tax

Changing of the Guard

January 13, 2010

Mrs Alice Lau Mak Yee-ming retired as Commissioner of Inland Revenue with effect from 6th December 2009.  Mrs Lau has been replaced by Mr Chu Yam-yuen, previously the Deputy Commissioner of Inland Revenue.
Mr Chu became an Assistant Assessor in July 1975 and has been employed by the Inland Revenue Department (“IRD”) ever since.  Mr Chu [...]

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Locality of Profits

January 13, 2010

In December 2009, the Inland Revenue Department published the revised Departmental Interpretation and Practice Note No.21 (Revised) – “Locality of Profits”.
The determination of the location of a source of a given profit has caused some disputes between taxpayers and the Inland Revenue Department.  It is clear that the source of a profit is “what the [...]

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Expat trapped in Hong Kong

September 25, 2009

Is it time for Hong Kong to overhaul its tax collection methods? Multi million dollar losses suggest it is.

The article, ‘Expat Trapped in Hong Kong over unpaid tax bill’ that appeared in last week’s issue of The Sunday Morning Post highlighted an interesting problem for the Hong Kong Inland Revenue Department.
The piece tells the story [...]

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Meet Deadlines to Avoid Penalties

July 21, 2009

The Inland Revenue Department (“the Department”) appears to have become so frustrated with delinquent taxpayers and those that persistently miss tax filing deadlines that it has resorted to issuing a standard letter advising taxpayers that for such offences the Department is allowed to raise penalties of up to 3 times the amount of unpaid tax [...]

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