Tax

Taxation — stamp duty — leave to appeal out of time — whether applicant prevented by illness from lodging appeals within time — whether requirements under s. 14(1B) and (5B) of the Stamp Duty...
May 2018
Taxation — stamp duty — appeal against assessment by way of case stated — seven-day time limit — court had no jurisdiction to extend time limit — Stamp Duty Ordinance (Cap. 117) s. 14(2) Human...
April 2018
The China tax incentives for Advanced Technology Service Enterprises (ATSE) were first introduced in the Suzhou Industrial Park in 2006, then applied to 21 pilot cities in 2014, and subsequently...
December 2017
The Chief Executive's first Policy Address that was held on 11 October 2017 provided new information about two tax initiatives: (1) a two-tier profits tax system for enterprises, and (2) a super...
November 2017
The Hong Kong Government has proposed legislation (the Inland Revenue (Amendment) (No. 4) Bill 2017) (the "Bill") to offer profits tax exemption to onshore privately offered Open-ended Fund Companies...
August 2017
On 9 May 2016, the China State Administration of Taxation ("SAT") and the China Ministry of Finance ("MOF") announced the commencement of a comprehensive reform of China's Resource Tax system (the "...
August 2016
Following the Premier's earlier announcement of the nationwide pilot value added tax (“VAT”) reform program, under which service sectors historically subject to business tax (“BT”) would be subject...
May 2016
Stamp duty – buyer’s stamp duty – purchase of residential property by trustee for Hong Kong permanent resident and minor – whether chargeable with buyer’s stamp duty In July 2013, P, as trustee...
May 2016
The income tax reduction for high and new technology enterprises (“HNTE”) is a key tax incentive available under current China tax laws and plays an important role in encouraging investment in high-...
April 2016
On 5 October 2015, the OECD Secretariat published the 2015 Final Reports (the “BEPS Final Reports”) to the OECD/G20 Base Erosion and Profit Shifting Project (“BEPS”). The term BEPS refers to tax...
December 2015
Richard Weisman and Noam Noked, Foreign Registered Lawyers, Baker & McKenzie On 5 October 2015, the OECD Secretariat published the 2015 Final Reports (the "BEPS Final Reports") to the OECD...
November 2015
Steven Sieker, Partner, Josephine Chuk, Tax Advisor, and Noam Noked, Associate, Baker...
August 2015
Steven Sieker, Partner, Josephine Chuk, Tax Advisor, and Noam Noked, Associate, Baker...
July 2015
Richard Weisman, Senior US tax partner and Noam Noked, Associate, Baker...
June 2015
Travis Benjamin, Head, Tax Practice, Deacons On 29 January 2015, the Inland Revenue Department announced new, hard-line procedures for obtaining a certificate of Hong Kong resident status for the...
March 2015
Taxation – profits tax – property purchased and held as capital asset – whether, when redevelopment decision taken and application for land exchange made, taxpayers changed intention for holding...
November 2014
Taxation — objection — whether, by raising objection, taxpayer entitled to also object to earlier assessments and assessor obliged to correct error or omission in earlier assessments — proper...
October 2014
Profits tax — allowable deductions — statutory definition The taxpayer (“T”) supplied plastic, custom-made garment hangers, which were manufactured by two mainland Chinese factories. The moulds...
February 2014
After months of delay, amendments to the Inland Revenue and Stamp Duty Ordinances were passed on 19 July 2013 to provide much-needed groundwork for Islamic finance - in particular sukuk issuance - to...
December 2013
The practice of funnelling money to tax-free or low-tax countries such as Switzerland in order to avoid paying more punitive taxes at home is finished, the head of French bank Societe Generale (“...
November 2013