China

Details

  • Service: Tax
  • Type: Publication series, Regulatory update
  • Date: 6/16/2014

The Locality of Profits for Hong Kong Tax Purposes 

Hong Kong Tax Alert - Issue 12, June 2014

 

In a published Advance Ruling, the Inland Revenue Department (IRD) ruled that although a taxpayer effected sales and purchase agreements for goods through an offshore branch, its profits had a Hong Kong source and was therefore taxable in Hong Kong. This has resulted in confusion regarding the concept of source of profits. 

Hong Kong Tax Alert
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