Source of employment income ▸ Recall: Under s.8(1), income from employment arising in or derived from Hong Kong is fully taxable ▸ Does that imply income from employment deriving outside Hong Kong is fully NOT taxable? о Answer: Yes but until 1987 ▸ Regarding employment income, there was a new ordinance s.8(1A)(a) enacted in 1987 which extended the basic scope of charge of s.8(1) Source of employment income ▸ Basic scope of charge о S.8(1): For employment income arising from Hong Kong ▸ Extended scope of charge for employment income S.8(1A)(a): Income arising from Hong Kong shall include all income derived from services rendered in Hong Kong including leave pay attributable to such services ▸ This extended scope of charge applies to employment income ONLY but NOT to income from office or income from pension
Source of employment income ▸ Recall: Under s.8(1), income from employment arising in or derived from Hong Kong is fully taxable ▸ Does that imply income from employment deriving outside Hong Kong is fully NOT taxable? о Answer: Yes but until 1987 ▸ Regarding employment income, there was a new ordinance s.8(1A)(a) enacted in 1987 which extended the basic scope of charge of s.8(1) Source of employment income ▸ Basic scope of charge о S.8(1): For employment income arising from Hong Kong ▸ Extended scope of charge for employment income S.8(1A)(a): Income arising from Hong Kong shall include all income derived from services rendered in Hong Kong including leave pay attributable to such services ▸ This extended scope of charge applies to employment income ONLY but NOT to income from office or income from pension
Chapter15: Taxing Business Income
Section: Chapter Questions
Problem 12DQ
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