Applications of profits tax principles - Source of profit (Session1) - Workshop 2018

Accountants, businessmen and individuals may encounter issues on whether income is derived in Hong Kong or outside Hong Kong. This workshop will help you to understand when income is sourced in Hong Kong and chargeable to profits tax or when income is sourced outside Hong Kong and exempt from profits tax.

This workshop will also provide you with a detailed understanding on the source rule applicable to different types of income and business.


Key topics covered:

  • Broad guiding principle
  • Characteristics of different types of business
  • Source rules applicable to trading, manufacturing, service, interest, royalty, guarantee etc.
  • Exceptions to the general source rule


Trainer profile:

Patrick Ho, LL.B, LL.M., MBA, MCS, FCCA, FCPA

Barrister-at-law, Principal Lecturer, FTMS Training Systems (HK) Limited. He is the sole author of the book “Hong Kong Taxation and Tax Planning”, and has more than 35 years’ experience in tax practice, university teaching and in-house teaching in all the Big 4.

Learning objectives

  • Understand broad guiding principle
  • Identify the characteristics of different types of business
  • Apply source rules that applicable to trading, manufacturing, service, interest, royalty, guarantee etc.
  • Know the exceptions to the general source rule

Audience

This workshop is suitable for commercial accountants, auditors, tax professionals and those who are interested in applications of profit tax principles and source of profit.

3 hours

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