Put These Notes into Practice
Reading the notes is a great start. Now practice with unlimited AI-generated questions and get instant feedback. 100,000+ students are already improving their grades.
Associate Level – Principles of Taxation
7 sections available · 54 chapters available
Free Associate Level – Principles of Taxation study notes for HKICPA QP (Hong Kong CPA) students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
Demonstrate an Understanding of the Tax System and Administration in Hong Kong
Principles of taxation
Types of tax
Sources of Hong Kong tax law: statute, case law, Board of Review decisions
Interpretation of tax statutes
The Basic Law
Departmental Interpretation and Practice Notes
Structure and administration of the Inland Revenue Department
Duties and powers of officers of the IRD, and official secrecy
Obligations and liabilities of a taxpayer, his agent or an executor
Returns, offences and penalties
Assessments, additional assessments and provisional assessments
Payment, recovery, holding over and refund of tax
Objections, appeals and claims
Board of Review
Board of Inland Revenue
Property Tax
Scope of property tax charge
Chargeable property and owners of land and/or buildings
Ascertainment of property tax liability
Salaries Tax
Scope of salaries tax charge
Time basis assessment
Incomes
Benefits in kind, housing, share-based and holiday journey benefits
Lump sum receipts
Expenses and deductions
Losses
Personal allowances
Separate taxation on spouses and joint assessment
Ascertainment of salaries tax liability
Profits Tax
Scope of profits tax charge
Badges of trade
Source of profits
Deemed trading receipts
Distinction between capital and revenue items
General deductions and specific deductions
Cessation and post-cessation receipts and payments
Partnerships, joint ventures and allocation of profit/loss
Losses
Depreciation allowances: plant and machinery
Depreciation allowances: industrial and commercial buildings
Ascertainment of profits tax liability
Personal Assessment
Election for personal assessment
Ascertainment of tax liability under personal assessment
Stamp Duty
Scope of stamp duty charge
Conveyance on sale of immovable property
Agreement for sale of immovable property
Lease of immovable property
Hong Kong stock
Hong Kong bearer instrument, duplicate and counterpart
Voluntary disposition inter vivos
Exemptions and reliefs
Adjudication, assessment and administration
Ascertainment of stamp duty liability
Apply Profits Tax Rules to Cross-border Transactions
Tax implications for cross-border transactions
Calculate profits tax liabilities for cross-border transactions
Done reading? Test yourself with AI practice questions
Practice This Topic Now