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| Hong Kong profits tax of taxation |
| 2016/1/12 17:45:45 |
Territorial source principle of taxation
Hong Kong adopts a territorial source principle of taxation, that is, only the profits derived from Hong Kong are taxable only in Hong Kong, and from the rest of the profits will not be subject to profits tax in Hong Kong. The principle itself is very clear, but in practice, sometimes controversial. To clearly illustrate how to apply this principle of taxation, we prepared of this "Introduction to the territorial source principle of taxation." This brief introduction briefly explain how to use this principle, together with a simple example of how verification guidelines when the implementation of the different business principles adopted. For further explore this issue, we recommend that you consult a professional adviser.
HKSAR Government
IRD
March 2011 |
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