Hong Kong Tax News Flash

Jan 2010, Issue 1

Source of profits remains an issue for cross-border processing businesses

There have been a few developments in Hong Kong profits tax relating to cross-border processing businesses. In this news flash, we discuss the developments on the source issue for profits derived from such businesses and in a separate one, we will discuss the denial of tax relief by the Inland Revenue Department ("IRD") for costs incurred by these businesses on acquiring the plant and machinery to produce such profits.

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Contacts


Tim Leung: Partner; Hong Kong; Tel: +[852] 2289 3055 Email
Medinah Ip: Partner; Hong Kong; Tel: +[852] 2289 3022 Email
Julia Chan: Partner; Hong Kong; Tel: +[852] 2289 3082 Email
Eva Yeung: Director; Hong Kong; Tel: +[852] 2289 3028 Email

Of further interest

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