Webb24 okt. 2024 · Charities are a good way to give back to the community, and because of this they enjoy certain tax benefits for their good causes.The Hong Kong government grants tax exemption of charitable institutions and trusts of public character (charities). Under section 88 of the Inland Revenue Ordinance (Cap 112), the charity can be exempt from profits … Webb15 apr. 2024 · While the number of cases for the special stamp duty - which aims to …
The Inland Revenue Department issues updated guidance on...
WebbThis article highlights the key features of the proposed amendments. Foreign tax deductions Background . Prior to 2024, the Inland Revenue Department's (IRD's) published position in guidance was that foreign withholding tax on payments, such as interest and royalties, was deductible under section 16(1) of the IRO. Webb– meaning of determination application of section 70A of the Inland – Revenue Ordinance. Panel: William Turnbull (chairman), Joseph S Brooker and Chiu Chun Bong. Date of hearing: 1 March 1991. Date of decision: 19 April 1991. The taxpayer applied to reopen certain tax assessments under the provisions of - section 70A of the Inland … how to change permissions in kit
Schedule 16 - Inland Revenue Department
Webb31 jan. 2024 · Section 50AAK of the Inland Revenue Ordinance (IRO), codifying the Organisationfor Economic Co-operation and Development’s approach (AOA) for attributing profits or losses to a PE in Hong Kong of a non-Hong Kong resident person, has been effective since the year of assessment 2024/20. Under the AOA, a PE is considered, for … WebbWARNING: It is an offence under section 80(2E) of the Inland Revenue Ordinance if any person, in making a self-certification, makes a statement that is misleading, false or incorrect in a material particular AND knows, or is reckless as to whether, the statement is misleading, false or incorrect in a material particular. WebbSalaries tax – sections 61 and 61A of the Inland Revenue Ordinance (‘IRO’) – whether or not there was commercial reality in the transaction – additional salaries tax assessments – section 58 of the IRO. Panel: Terence TAI Chun To (chairman), Patrick James Harvey and Norman Ngai Wai Yiu. Dates of hearing: 28 March and 16 May 2000. how to change permissions in ms teams