| Abstract | Under the Hong Kong tax system, a taxpayer is not charged to tax in respect of his total income; rather only such form of income which can be categorised as profits, income from property or salary will be taxed. Another distinguishing feature of the Hong Kong tax system is that only Hong Kong sourced profits, income from property or salary, will be taxed. The concept of residence of the taxpayer has no relevance in the determination of taxability. For the purpose of this paper, the author will concentrate on the vexing question of source of profits. |
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