The annually updated Hong Kong Master Tax Guide published by Wolters Kluwer has long been regarded as Hong Kong's leading professional tax handbook, providing up-to-date guidance and indepth analysis on taxation practice in Hong Kong for three decades. The Hong Kong Master Tax Guide 2024/25 (32"nd Edition) provides a clear, concise and current commentary covering the full scope of Hong Kong Taxation Law.
Recent developments and regulations governing the taxation of companies and individuals in Hong Kong are all covered.
The latest edition delivers the up-to-date tax law changes in Hong Kong since the last edition and their implications including:
- Inland Revenue (Amendment)(Taxation on Foreign-sourced Disposal Gains) Ordinance 2023;
- Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Ordinance 2023;
- Inland Revenue (Amendment) (Aircraft Leasing Tax Concessions) Ordinance 2024;
- Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Ordinance 2024;
- Stamp Duty(Amendment) (Stock Transfers) Ordinance 2023; and Stamp Duty(Amendment) (Residential Properties) Ordinance 2024;
- Updates on Board of Review cases in profits tax, salaries tax and stamp duty, including Chapman Development Limited v Commissioner of Inland Revenue; and Patrick Cox Asia Limited v Commissioner of Inland Revenue;
- Updates on the Inland Revenue Department's Departmental Information and Technology Plan and e-Filing Project;
- Updates on the new/revised Departmental Interpretation and Practice Notes and the Stamp Office spacing Interpretation and Practice Notes;
- Updates on international tax developments, including the OECD's follow-up work on Base Erosion and Profit Shifting (BEPS 2.0) Project;
- Updates on the Consultation on Implementation of Global Minimum Tax and Minimum Top-up tax in Hong Kong under BEPS 2.0 in Hong Kong;
- Other tax measures announced by the Chief Executive in the 2023 Policy Address and by the Financial Secretary in the 2024/25 Budget.
Expertly reviewed and updated by BDO Tax Limited, the Hong Kong Master Tax Guide 2024/25 (32nd Edition) is a consolidated and practical reference on Hong Kong taxes.
The Hong Kong Master Tax Guide explores the spectrum of taxation issues in Hong Kong using non-technical language and easy to follow examples, flowcharts and tables. The taxes imposed under the Inland Revenue Ordinance (Cap 112) (property tax, salaries tax and profits tax) and the Stamp Duty Ordinance (Cap 117) are examined in detailed with attention being paid to matters ranging from liability to tax to assessment, payment, objection and appeal.
To enable quick and easy access to information, a comprehensive Subject Index, Case Table, Board of Review Decision Table and the Inland Revenue Ordinance (Cap 112), Stamp Duty Ordinance (Cap 117) Section Finding List are provided.
The Hong Kong Master Tax Guide is a handy desktop reference book and provides comprehensive and up-to-date explanation of Hong Kong taxation laws. It provides a clear, concise, practical, and up-to-date commentary covering the full scope of Hong Kong Taxation Law, it also provided concepts governing taxation of companies, businesses, individuals, partnerships, clubs, and associations in Hong Kong.