Raymond Yeung Tax Consultant former Assessor of Inland Revenue Department 前稅局評稅主任楊輝洪

飛鴻稅務顧問  Qualifications   出版書目  

Tel /WhatsApp /WeChat 94735846  *email: yeungfhr@qq.com  

Service charge $500/hr *Hang Seng Bank Account: 385 599279 883 *Payment thru mobile phone: PayMe / FPS轉數快 Yeung Fai Hung *會面:上水廣場5樓太興餐廰  *報稅分析 *稅務咨詢 *記帳系統 *業務報稅 *稅務課程

 

Profits Tax - Section 16(1) deductions

Section 16 of Inland Revenue Ordinance states that in ascertaining the assessable profits there shall be deducted outgoings and expenses to the extent to which they are incurred in the production of the profits chargeable to tax.

Because Section 16(1) allows deduction of expenses to the extent that they are incurred in the production of assessable profits, expenses charged in the accounts are to be apportioned between "deductible" and "non-deductible" wherever applicable.  The Revenue's practice for the apportionment as based on Rules 2A, 2B and 2C of the Inland Revenue Rules are as follows:-

(a) where profits are derived partly within Hong Kong and partly outside: 

Expenses directly attributable to the profits derived outside Hong Kong are to be disallowed --- apportionment is based on turnover or sales.

(b) where profits are derived from trading (taxable) and also from dividends (non-taxable):

(i) interest incurred for financing the investments producing dividends  --- not allowable.

(ii) management cost of the investment --- no apportionment needed in general.

The apportionment for non-deductible expenditures has been approved by court in the case re Stanley So & Company. It was held that certain entertainment expenses, equipment rental and office facilities charges are disallowed because they are regarded as excessive and not in the production of chargeable profits. In such cases, the IRD can make appropriate adjustments when computing the assessable profits. Click here for details.

 

楊輝洪 Raymond Yeung 為你提供:

 

* 稅務顧問服務 * 飛鴻作品下載 * 寫好英文信件 * 基礎法律知識 * 實用稅務課程 * 英文速成課程 * 見工英語速成 * 中英文寫作服務 * 電腦會計記帳系統

 

 

email: yeungfhr@qq.com

Tel /WhatsApp 94735846

 

 

My Performance Pledge QEEP

My Curriculum Vitae/resume

Value for Money, for sure!

Why you must own my CDR 

Why my service fee is so low

 

 

 

 

香港稅務課程 Practical Taxation Course

教授實用税務及報稅知識

Private tuition of Hong Kong Taxation of Law and Practice

$900 兩小時,單對單教授,:香港稅務知識加強版香港報稅軟體

報讀者可在一年內免費電話咨詢一次  詳情按此