Tax Services

Hong Kong Tax Alert - 2012

Hong Kong Tax Alert is produced as a client service by Ernst & Young. It is intended to serve as a guide only to alert readers to emerging issues and issues of topical interest. Readers should consult with their client service executives for advice concerning their specific circumstances.

• Hong Kong Tax Alert: 4 December 2012
  License fees received by a non-resident for its grant of rights to exhibit television programs outside Hong Kong are chargeable under Section 15(1)(ba).


• Hong Kong Tax Alert: 27 November 2012
  Hong Kong has signed a comprehensive double tax agreement with Canada. This alert discusses the salient points of those provisions as applicable to Hong Kong residents.


• Hong Kong Tax Alert: 22 November 2012
  This alert explains the procedures for applying a lower rate of withholding on royalties under a comprehensive double taxation agreement.


• Hong Kong Tax Alert: 26 October 2012  
  “Provision of credit” test for determining source of interest income may not be that simple.


• Hong Kong Tax Alert: 6 September 2012  
  The Board of Review held in case D39/11 that a taxpayer allowing its contract manufacturer to use its mould constitutes a lease arrangement.


• Hong Kong Tax Alert: 14 August 2012  
  A recent tax tribunal decision D31/11 indicates that income booked in Hong Kong is not necessarily taxable. This Hong Kong Tax alert discusses the decision.


• Hong Kong Tax Alert: 25 July 2012 
  The Revenue expressed its views on the new legislation granting tax deductions for certain intellectual property rights in a new DIPN 49.


• Hong Kong Tax Alert: 15 July 2012 
  A Hong Kong court held that the CIR can issue multiple assessments on the same set of profits to different taxpayers on an alternative basis.


• Hong Kong Tax Alert: 6 July 2012  
  Hong Kong signed a comprehensive double tax agreement with Mexico. This report discusses the key provisions in this agreement as applicable to Hong Kong residents.


• Hong Kong Tax Alert: 5 July 2012  
  The Court of Appeal upheld a decision last month that unrealized gains on trading securities held at market value on the balance sheet date are non-taxable. 


• Hong Kong Tax Alert: 25 May 2012  
  The Inland Revenue Department considers that the decision in Li & Fung case is not of wide application to other source cases.  This Hong Kong Tax alert discusses the controversies.


• Hong Kong Tax Alert: 4 May 2012
  Hong Kong has recently signed a comprehensive double tax agreement with Malaysia.  This Hong Kong Tax alert discusses the salient points of those provisions of this agreement as applicable to Hong Kong residents.


• Hong Kong Tax Alert: 2 April 2012   
  This Hong Kong Tax alert draws your attention to the IRD's bulk issuance of the 2011/12 profits tax returns on 2 April 2012, and matters that you should be aware of when claiming tax deductions for the purchase costs of certain intellectual property rights; and share-based payments in the returns.


• Hong Kong Tax Alert: 29 March 2012     
  Last week, the Court of Appeal upheld the lower court’s decision that the sourcing commission earned by Li & Fung (Trading) Limited was non-taxable offshore income.  We discuss the decision and its implications.


• Hong Kong Tax Alert: 13 March 2012  
  The IRD announced its new stance on allowing tax deductions for share-based payments in group-recharge situations on 6 March. We explore the issues involved.


• Hong Kong Tax Alert: 1 March 2012 
  Hong Kong has signed a comprehensive double tax agreement with Jersey. We discuss the salient points of those provisions of this agreement as applicable to Hong Kong residents.


• Hong Kong 2012-13 Budget: 1 February 2012
  The Financial Secretary, Mr John Tsang, delivered the 2012-13 budget speech at the Legislative Council today (1 February 2012). Our Budget insights and Tax facts summarize the key proposals contained in the budget and our views thereof. 


• Hong Kong Tax Alert: 10 January 2012  
  New law allowing tax deductions for registered trademarks, copyrights and registered designs, being enacted in December 2011, contains several anti-avoidance provisions. We discuss the controversy.