Hong Kong Profits Tax Overview
Scope of Profits Tax Friday, July 29th, 2011
Profits tax is raised according to the Inland Revenue Ordinance on the “assessable profits” of corporate entities, partnerships, trusts and sole proprietorships. It is levied according to the “territorial principle”, it is the income source rather than the residential or non-residential status of the entity that determines whether or not income is or is not subject [...]
