Information on termination payment has been updated
(March 10, 2010)

2010-11 Budget - Tax Measures
(Ferubary 25, 2010 Update)

Tax measures proposed in 2010-11 Budget
(Press Release - February 24, 2010)

2010-11 Budget - Tax Measures
(February 24, 2010)

LCQ11: Arrangement for avoidance of double taxation
(Press Release - February 24, 2010)

DIPN 43 (Revised)

Paragraph 15 and Appendix B of DIPN 43 have been revised to clarify that for the purpose of determining the location of a company’s central management and control, the mere fact that the majority of the directors of the management board of the company are resident in Hong Kong would not of itself adversely affect the application of the tax exemption under the Offshore Funds Exemption.

(February 24, 2010 )

Newly published Advance Ruling Case
(February 23, 2010)

Electronic Filing of Profits Tax Return
(February 17, 2010)

FAQ: Tax Treatment for Reinstatement Costs (English Only)
(February 11, 2010)

FAQ: Departmental Interpretation and Practice Notes No. 42 (English Only)
(February 11, 2010)

Inland Revenue (Disclosure of Information) Rules submitted to Legco
(Press Release - February 10, 2010)

LCQ14: Arrangement for avoidance of double taxation
(Press Release - February 3, 2010)

LCQ6: Arrangement for avoidance of double taxation
(Press Release - January 20, 2010)

LCQ13: Profits tax
(Press Release - January 13, 2010)

List of Qualifying Debt Instruments (as at 31 December 2009)
(January 13, 2010)

Interest on Tax Reserve Certificates
(Press Release - January 3, 2010)

LCQ16: Section 39E of the Inland Revenue Ordinance
(Press Release - December 9, 2009)

Interest on Tax Reserve Certificates
(Press Release - December 6, 2009)

Annual Report 2008-09
(December 4, 2009)

DIPN 46

• The purpose of DIPN 46 is to illustrate how IRD would apply transfer pricing principles; and to indicate how IRD would seek to apply transfer principles to resolve disputes involving transfer pricing issues.
  
  
• DIPN 46 further explains the OECD Transfer Pricing Guidelines in the Hong Kong context, in particular the way the OECD transfer pricing methodologies would be applied in Hong Kong under the IRO.
  
  
• DIPN 46 makes it clear that IRD would seek to apply the principles in the OECD Transfer Pricing Guidelines, except where they are incompatible with the express provisions of the IRO.
  
  
• DIPN 46 illustrates that the provisions in the IRO and the relevant articles in the DTAs should allow the IRD to reallocate profits or adjust deductions by substituting an arm's length consideration.

(December 4, 2009 )

DIPN 21 (Revised)

DIPN 21 has been revised to reflect the current assessing practice, with examples where appropriate, adopted by the Department in determining the source of profits. It has also been updated to cover the relevant Board of Review decisions and court judgments on the subject matter, since release of the last version.

(December 4, 2009 )