2008-2009 Hong Kong Tax Newsletters
You will find here all the Hong Kong Tax newsletters released in 2008 and 2009
Dec 2009 - Revised DIPN 21
The Commissioner of Inland Revenue (CIR) has issued a revised Departmental Interpretation and Practice Note No. 21: Locality of profits (DIPN) on 4 December 2009. This is extremely important to Hong Kong businesses as the question of source is fundamental to the taxation of profits.
Dec 2009 - DIPN 46 Transfer Pricing
On 4 December 2009, the IRD released Departmental Interpretation and Practice Notes No. 46, Transfer Pricing Guidelines – Methodologies and Related Issues (DIPN 46). For the first time, the IRD shows its views on application of transfer pricing principles and methodologies within the tax framework of Hong Kong.
HK Budget Special Report - 2008/09 - Government Budget
The Financial Secretary, Mr John Tsang, presented the 2008/09 Government Budget to the Legislative Council (“LegCo”) on 27 February 2008.
HK Budget Special Report - 2009/10 - Budget proposals on tax revenue
On 25 February 2009, the Financial Secretary, Mr. John Tsang Chun-wah, delivered his budget speech to the Legislative Council proposing the Government’s revenue and expenditure plans for the 2009/2010 fiscal year.