| Journal Call no. | HF5601.C55 |
|---|---|
| Author | Chan, Kwok Kit. |
| Article Title | Tax planning in respect of trading and re-invoicing operations in Hong Kong / Chan Kwok Kit. |
| Is Part Of | CIMA Hong Kong journal ; Oct/Dec 1996, p.19-22. |
| Abstract | With a source based tax system, Hong Kong tax legislation does not impose any tax on the income derived from sources outside Hong Kong, irrespective of a company's domicile and place of residence. Therefore, trading and re-invoicing profits from activities carried on outside Hong Kong have not been subject to tax in the past. However, recent decisions handed down by the Hong Kong law court, suggest otherwise. |