Hong Kong Tax Update 

In this issue, we look at the following topics:

• Cross-border transactions - Source of profits remains a hot topic
• FAQs on ING Baring Securities (Hong Kong) Limited v CIR
• CIR v Indosuez W I Carr Securities Limited
• CIR v Datatronic Limited
     
• Reclassification of financial assets - What does it mean for tax?
     
• The general anti-avoidance provision proven to be powerful
• Ngai Lik Electronics Company Limited v CIR
• Shui On Credit Company Limited v CIR
    
• Revenue or capital - The onus of proof is on taxpayers
• Real Estate Investments (N.T.) Limited v CIR
• China Map Limited v CIR
     
• Employee share-based payments - more than just a staff compensation issue?
• Additional FAQs on share-based payments
• Revised Departmental Interpretation & Practice Notes No. 38
• Advance Ruling Case No. 33
      
• Remuneration for employment services?
• Fuchs, Walter Alfred Heinz v CIR
• CIR v Tse Ge Wah
     
• Source of employment: It is getting harder to establish an employment is of a foreign source
• Board of Review Case No. D32/07 (now Ahn Sang-gyun v CIR)
    
• Developments in double tax agreement network
     
• 2008/09 Budget proposals
    
• PricewaterhouseCoopers' voted a multiple winner of Asia Tax Awards again!