Description

Launched last year, this well-received CCH title is now updated to cover the newest developments in Hong Kong taxation. Written from a thoroughly practical point of view that has proven to be of great value to candidates preparing for examination on taxation law – as well as to taxation and accounting students and tax professionals – it provides an in-depth analysis of the concepts governing taxation of companies, businesses, individuals and partnerships in Hong Kong, from basic legislation to the latest departmental notes and current tax cases. New material covered in the 2012/2013 edition includes the following:  changes announced in the 2012/13 budget;  new rules on deduction for purchase and sale of intellectual property rights;  advance pricing arrangement program;  enactment of a special stamp duty; and  newly signed double taxation agreements. Discussion on China tax for cross-border business is newly included in this edition. The Workbook also examines recent tax cases on such areas of practice as source of profits, payment in lieu of notice, taxability of unrealised gains, taxability of a lump sum received, and appeals procedure. The new edition has even more summarising tables, diagrams and worked examples to add to the first edition’s already prodigious features – user-friendly checklists, indexes, section finding list, tax rate tables, due dates for tax returns, and more. 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.