Print

Volume 4 First Supplement

Publication Date: Sep 1989

----------------------------------------

DIGEST OF CASES REPORTED

----------------------------------------

  Decision No. Download
APPEALS    

accounts of taxpayer - alleged mistake - need for clear and strong evidence  

D7/89 Download D7/89 (DOC) - English Download D7/89 (PDF) - English

accounts of taxpayer - description of payment as 'deposit' and receipt as 'interest' - whether taxpayer bound to these descriptions - s 28(1)(a) of the Inland Revenue Ordinance  

D10/89 Download D10/89 (DOC) - English Download D10/89 (PDF) - English

extension of time to give notice of appeal - whether taxpayer had been 'prevented' from giving notice - whether taxpayer had 'reasonable cause' - s 66( 1A ) of the Inland Revenue Ordinance  

D11/89 Download D11/89 (DOC) - English Download D11/89 (PDF) - English

settlement of appeal before the Board - liability of taxpayer to penalties based on terms of settlement - s 82A of the Inland Revenue Ordinance  

D75/88 Download D75/88 (DOC) - English Download D75/88 (PDF) - English
ASSESSMENTS    

'error or omission' - assessment made in accordance with prevailing practice - whether assessment could be reopened - s 70A of the Inland Revenue Ordinance  

D76/88 Download D76/88 (DOC) - English Download D76/88 (PDF) - English

'error or omission' - need to introduce evidence as to the alleged mistake - s 70A of the Inland Revenue Ordinance  

D7/89 Download D7/89 (DOC) - English Download D7/89 (PDF) - English
INTEREST TAX    

interest paid on security amount placed by stockbroker with governmental authorities - whether this amount was a 'deposit, loan, advance or other indebtedness' - whether interest was subject to interest tax - s 28(1)(a) of the Inland Revenue Ordinance  

D10/89 Download D10/89 (DOC) - English Download D10/89 (PDF) - English
INTERPRETATION    

foreign cases - evidential matters - whether applicable  

D2/89 Download D2/89 (DOC) - English Download D2/89 (PDF) - English

foreign cases - whether applicable  

D79/88 Download D79/88 (DOC) - English Download D79/88 (PDF) - English

meaning of 'deposit' - whether the same word can be construed to have different meanings in different statutes  

D10/89 Download D10/89 (DOC) - English Download D10/89 (PDF) - English
PENALTY ASSESSMENT    

whether penalties excessive - s 82A of the Inland Revenue Ordinance  

D6/89 Download D6/89 (DOC) - English Download D6/89 (PDF) - English

whether penalty excessive - general yardstick for calculation of penalties - s 82A of the Inland Revenue Ordinance  

D4/89 Download D4/89 (DOC) - English Download D4/89 (PDF) - English

whether penalty excessive - lack of familiarity with accounting matters - comparison with other penalties - s 82A of the Inland Revenue Ordinance  

D73/88 Download D73/88 (DOC) - English Download D73/88 (PDF) - English

whether penalty excessive - s 82A of the Inland Revenue Ordinance  

D5/89 Download D5/89 (DOC) - English Download D5/89 (PDF) - English
PROFITS TAX    

deductions - borrowing expenses - whether borrowing expenses can be deducted if of a capital nature - ss l6(l)(a) and 17(1)(c) of the Inland Revenue Ordinance  

D8/89 Download D8/89 (DOC) - English Download D8/89 (PDF) - English

deductions - borrowing expenses - whether exchange losses on the repayment of a loan are 'expenses in connexion with ... borrowing' and therefore deductible - s l6(l)(a) of the Inland Revenue Ordinance   

D8/89 Download D8/89 (DOC) - English Download D8/89 (PDF) - English

deductions - exchange losses incurred by moneylender -whether losses were of a revenue or capital nature - ss l6(l) and 17(1)(c) of the Inland Revenue Ordinance  

D77/88 Download D77/88 (DOC) - English Download D77/88 (PDF) - English

deductions - exchange losses incurred by trading company - whether losses were of a revenue or capital nature - ss l6(l) and 17(1)(c) of the Inland Revenue Ordinance  

D8/89 Download D8/89 (DOC) - English Download D8/89 (PDF) - English

pre-incorporation losses - whether these could be taken into account in computing a company's post-incorporation profits  

D7/89 Download D7/89 (DOC) - English Download D7/89 (PDF) - English

sale of flat - whether profits were trading gains or realization of capital - evidential factors: taxpayer's dealing history and short holding period - s 14 of the Inland Revenue Ordinance  

D2/89 Download D2/89 (DOC) - English Download D2/89 (PDF) - English

source of profits - agents abroad effecting operations on taxpayer's behalf - whether it is possible to infer agency of a director or shareholder - s 14 of the Inland Revenue Ordinance  

D9/89 Download D9/89 (DOC) - English Download D9/89 (PDF) - English

source of profits - reinvoicing company - application of 'operations test' to trading income - whether profits arose in or derived from Hong Kong - s 14 of the Inland Revenue Ordinance   

D71/88 Download D71/88 (DOC) - English Download D71/88 (PDF) - English

source of profits - trading company - factor: administrative facilities in Hong Kong - whether profits arose in or derived from Hong Kong - s 14 of the Inland Revenue Ordinance  

D9/89 Download D9/89 (DOC) - English Download D9/89 (PDF) - English

source of profits - trading company - factors: place of making sales contracts and locality of operations - whether profits arose in or derived from Hong Kong - s 14 of the Inland Revenue Ordinance   

D12/89 Download D12/89 (DOC) - English Download D12/89 (PDF) - English

source of profits - trading company - significance of place of concluding contracts - s 14 of the Inland Revenue Ordinance  

D9/89 Download D9/89 (DOC) - English Download D9/89 (PDF) - English
SALARIES TAX    

'accrued' income - monthly earnings not payable until the following year of assessment - whether assessable in the prior year -ss 11B and 11D of the Inland Revenue Ordinance  

D78/88 Download D78/88 (DOC) - English Download D78/88 (PDF) - English

contract for services - remuneration paid over to a company - whether income was that of the taxpayer or of the company -s 8(1) of the Inland Revenue Ordinance  

D72/88 Download D72/88 (DOC) - English Download D72/88 (PDF) - English

'place of residence' - civil servant supplied with quarters while remaining at his place of work for extended periods -whether assessable on rental value of quarters - s 9(1)(c) of the Inland Revenue Ordinance  

D76/88 Download D76/88 (DOC) - English Download D76/88 (PDF) - English

termination sum - gratuity paid to employee on resignation from employment - whether assessable - s 9(1)(a) of the Inland Revenue Ordinance  

D79/88 Download D79/88 (DOC) - English Download D79/88 (PDF) - English
GovHK Responsive Design Launched Inland Revenue Department
This is a HTML 4.0 Strict website This website complies with the Web Accessibility Initiative (WAI) of W3C - AA Level Conformance listed  in 'Web Content Accessibility Guidelines 2.0'