law of taxation
chief income taxes in Hong Kong are under three heads: Salaries Tax, Profits
Tax and Property Tax.
Hong Kong resident, he may elect for
so that his total income under the three heads are combined and taxed like
Salaries Tax. In fact,
Personal Assessment is a way of relief, not a charging head.
law governing the aforesaid taxes are stipulated under the Inland Revenue
Ordinance, Chapter 112, and its subsidiary legislations including Inland
Revenue Rules and various orders made by Chief Executive under the
addition to the three main income taxes, the Inland Revenue Department also
Duty, Business Registration Fee and Betting Duty
time to time, there are many cases going to courts and these cases form part of the
tax law. As Hong Kong adopts common law and the relevant Ordinances originate from UK tax law, tax cases of the UK and other countries
adopting common law may be followed when interpreting the Hong Kong
statues of similar wordings.
from the taxes mentioned above, there are also a number of government
charges, fees, rates, duties... etc. that are not covered by my web site.
The main reasons why I omit them are: (1) they seldom have disputes, and (2) they are not part of my working
experience --- indeed the latter is the chief reason. J