Hong Kong Tax Tips   QP Exam Techniques   Tips for CDR buyer   中文報稅貼士    香港稅務課程

Basic Tax Tips

What can you do if you disagree with an assessment?  Beware of your legal obligations Advance tax ruling    Revenue's advance ruling vis-a-vis my advice Tax penalty     Section 82A additional tax    Reasonable excuse Privacy     Code on Access to Information Election for Personal Assessment     Should you elect for Personal Assessment?     Time limit of election     An illustration showing how how PA tax is computed Tax recovery     Tax recovery procedures Correction of errors or omissions     Board of Review case D6/91     Error of law, etc. Double taxation relief     How DTR affects Profits Tax     How DTR affects Salaries Tax The IRD's performance pledge     Structure of IRD     Useful telephone numbers of IRD The legal aspects of tax administration    The law of taxation     The basic rules of interpretation     The objection and appeal procedures     The legal procedures of tax disputes     The degree of proof Avoidance and evasion of tax     Anti-tax-avoidance legislation         Section 61 provisions         Section 61A provisions         Section 61B provisions  Tax audit     Desk audit      Field audit Tax investigation     Approaches adopted by IRD     Why a taxpayer is investigated by IRD     What to do when being investigated     How to avoid a tax investigation Tax workers Table of personal allowances, tax rate, relief... etc. Model letters to IRD Queries frequently asked by IRD How to answer IRD's queries Common topics of tax reduction Tips for CDR buyers only Inland Revenue Ordinance made simple A glossary of taxation terms Tax analysis programs for taxpayers Tax reduction programs for individual taxpayers Tax computation programs for small businesses RYTC’s accounting system

Salaries Tax Guide

Chargeable income  Pension Basis Period What are taxable emoluments Share options Rent refund versus Rent allowance Holiday benefit Retirement benefit Employee versus Office holder Married Person's Allowance Child allowance Dependent Parent Allowance Dependent Brother or Sister Allowance Self-Education Expense Donations to charity Home loan interest Elderly residential care expenses Tax clearance on leaving Hong Kong Employments in disguise Employer's obligations

Salaries Tax Tips

A checklist for reduction of salaries tax Husband and wife  Payments at the end of an employment  Working in China Separate employment contracts Employed versus self-employed Deductible expenses Tax clearance on leaving Hong Kong Table of personal allowances Illustrations showing how Salaries Tax is computed Hold over of provisional tax Queries frequently asked by Revenue Model letters to IRD

Profits Tax Guide

Basic charge Chargeable persons     What is a trade         Sale of a property         Badges of trade     What is a business     What is a profession     Business carried on in Hong Kong         Permanent establishment     Sole-proprietor     Partnership     Body of persons     Limited company     Non-resident Assessable profits     Source of profits     Deemed assessable receipts     Capital gains, revenue gains     Compensation receipts     Voluntary receipts     Exempt receipts     When are profits assessable  Deductions     Capital versus revenue expenditure     Section 16(1) of Inland Revenue Ordinance         Section 17 of Inland Revenue Ordinance     Sales expenditure     Commissions, etc.      Cost of goods sold     Valuation of stock     When an expenditure is incurred     In the production of chargeable profits        Protecting & defending an asset     Repairs expenditure     Refurbishment expenditure     Removal expenditure     Prepaid expenditure     Notional expenditure        Fines, penalties etc.      Bad debts     Entertainment expenditure     Interest expenditure     Employees' expenditure     MPF contribution by self-employed person     Excessive remuneration        Management fee      Purchase of machinery for manufacturing     Computer hardware and software     Patent rights                Donations     Payments of mainland's / foreign taxes       Expenditure for ceasing the business        Exchange losses / gains     Environmental protection expenditure     Technical education     Scientific research     Post cessation expenditures Depreciation allowances        Industrial building allowance (IBA)                Qualifying trade         Qualifying expenditure         Qualifying person         Initial and annual allowances         Illustrations showing computation of IBA         Balancing adjustment on disposal of industrial building     Commercial building allowance (CBA)         Annual allowance         Balancing adjustment on disposal of commercial building         An illustration showing computation of CBA     Plant and machinery allowance (P&M)         Meaning of plant and machinery         The old system             Asset partly used for trade             Asset under hire purchase         The new pooling system         Illustrations showing how P&M allowances are computed Basis period     Normal basis     Commencement of business     Cessation of business      Change of accounting date

Profits Tax Tips

A checklist for reduction of profits tax Exempt receipts Registration of business Demand for profits tax Hold over of provisional tax Keep business records Returns filed by small business  When to file the profits tax returns Accounting for tax requirements Tax computation Employed versus self-employed Illustrations showing how Profits tax is computed Queries frequently asked by Revenue Model letters to IRD

Property Tax Guide

Scope of charge Lump-sum premium ... Property held by one owner or more ... Where the landlord dies An illustration showing how property tax is computed Hold over of provisional tax Queries frequently asked by Revenue A checklist for reduction of property tax Model letters to IRD

Stamp Duty Guide