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Inland Revenue Ordinance Cap.112
The Inland Revenue Ordinance is one of Hong Kong's Ordinances. It regulates the inland revenue of Hong Kong. Most commonly used sections Interpretation IRO Section.2 Interpretation of some terms using in the ordinance. Property tax IRO Section.5 Charge of property tax IRO Section.5B Ascertainment of assessable value IRO Section.7C Rental Bad debts (irrecoverable & recovered) Salaries tax IRO Section.8 Charge of salaries tax IRO Section.9 Definition of income from employment Profit tax IRD Rules 5 Charge of Profit tax in respect of non-resident IRO Section.14 Charge of profits tax IRO Section.15 Certain amounts deemed trading receipts IRO Section.16 Ascertainment of chargeable profits IRO Section.17 Deductions not allowed Tax computation IRO Section.18 Basis for computing profits IRO Section.18F Adjustment of assessable profits IRO Section.19 Treatment of losses IRO Section.20 Liability of certain non-resident persons IRO Section.20A Consignment Tax IR ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislative Council Of Hong Kong
The Legislative Council of the Hong Kong Special Administrative Region, colloquially known as LegCo, is the Unicameralism, unicameral legislature of Hong Kong. It sits under People's Republic of China, China's "one country, two systems" constitutional arrangement, and is the power centre of Hong Kong's hybrid regime, hybrid representative democracy, though popular representation in the legislature has diminished significantly in recent years, along with its political diversity. The functions of the Legislative Council are to enact, amend or repeal laws; examine and approve budgets, taxation and public expenditure; and raise questions on the work of the government. In addition, the Legislative Council also has the power to endorse the appointment and removal of the judges of the Hong Kong Court of Final Appeal and the Chief Judge of the High Court of Hong Kong, High Court, as well as the power to impeach the Chief Executive of Hong Kong. Following the 2019–2020 Hong Kong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consignment Tax
Consignment is a process whereby a person gives permission to another party to take care of their property while retaining full ownership of the property until the item is sold to the final buyer. It is generally done during auctions, shipping, goods transfer, or putting something up for sale in a consignment store. The owner of the goods pays the third-party a portion of the sale for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set time limit (usually 60–90 days) at which an item's availability for sale expires. Within the time of contract, reductions of the price are common to promote the sale of the item, but vary by the type of item sold (depending largely on the price point, or whether or not the item can be considered a luxury item). Consignment stock is stock legally owned by one party but held by another, meaning that the risk and rewards regar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Hong Kong Legislation
The following is a list of legislation passed by the Legislative Council of Hong Kong. Some have been repealed and replaced with updated laws. In total there are 1181 ordinances in effect and an assortment of subsidiary legislation associated with them. Legislative enactments of Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ... are called Ordinances. References Chapter Number Index - Hong Kong e-LegislationHong Kong Ordinances {{DEFAULTSORT:List Of Hong Kong Legislation Law of Hong Kong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advance Rulings
Advance commonly refers to: *Advance, an offensive push in sports, games, thoughts, military combat, or sexual or romantic pursuits *Advance payment for goods or services *Advance against royalties, a payment to be offset against future royalty payments Advance may also refer to: Media * ''Advance'' (newspaper), a Sudanese newspaper *Advance Publications, an American media company headquartered in New York City **Advance Digital, part of Advance Local, owned by Advance Publications **Advance Newspapers, former company based in Hudsonville, Michigan, later bought by Advance Publications, defunct 2019 *''Barrie Advance'', a weekly newspaper serving Barrie, Ontario Music * ''Advance'' (album), a 1996 album by British techno act LFO *'' Advance!'', a jazz album by drummer Philly Joe Jones * Advance/Mata Asa ga Kuru, song by Tokio Organizations * Advance (lobby group), a conservative political lobby group in Australia (formerly Advance Australia) * Advance (trade union), a trad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charitable Organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, Religion, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The Charity regulators, regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership. Financial figures (e.g. tax refunds, revenue from fundraising, revenue from the sale of goods and services or revenue from investment, and funds held in reserve) are indicators to assess the financial sustainability of a charity, especiall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Assessment
Personal may refer to: Aspects of persons' respective individualities * Privacy * Personality * Personal, personal advertisement, variety of classified advertisement used to find romance or friendship Companies * Personal, Inc., a Washington, D.C.–based tech startup * The Personal, a Canadian-based group car insurance and home insurance company * Telecom Personal, a mobile phone company in Argentina and Paraguay Music * ''Personal'' (Men of Vizion album), 1996 * Personal (George Howard album), 1990 * Personal (Florrie album), 2023 * ''Personal'', an album by Quique González, or the title song * "Message"/"Personal", a 2003 song by Aya Ueto * "Personal" (Hrvy song), a song from ''Talk to Ya'' * "Personal" (The Vamps song), a song from ''Night & Day'' *"Personal", a song by Kehlani from ''SweetSexySavage'' *"Personal", a song by Olly Murs from his 2012 album '' Right Place Right Time'' *"Personal", a song by Against the Current from their 2018 album '' Past Lives'' Books ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Tax
A property tax (whose rate is expressed as a percentage or per mille, also called ''millage'') is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or Wealth tax, net wealth, taxes on the change of ownership of property through Inheritance tax, inheritance or Gift tax, gift and Financial transaction tax, taxes on financial and capital transactions" (see: ), but this article only covers taxes on realty. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or other Region, geographical region, or a Local government, municipality. Multiple jurisdictions may tax the same property. Often a property tax is levied on real estate. It may be imposed annually or at the time of a real estate transaction, such as in real estate transfer tax. This tax can be contrasted with a rent tax, which is based ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. Through collaboration between companies within a Business sector, sector, a trade association coordinates public relations activities such as advertising, education, publishing and, especially, lobbying and political action. Associations may offer other services, such as producing conferences, setting industry standards, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. (FEC: Solicitable Class of Trade Association, Library of Congress). In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Club (organization)
A club is an voluntary association, association of people united by a common interest or goal. A service club, for example, exists for voluntary or charitable activities. There are clubs devoted to hobbies and sports, social activities clubs, political and religious clubs, and so forth. History Historically, clubs occurred in all ancient states of which exists detailed knowledge. Once people started living together in larger groups, there was need for people with a common interest to be able to associate despite having no ties of kinship. Organizations of the sort have existed for many years, as evidenced by Ancient Greek clubs and associations (''collegia'') in Ancient Rome. Origins of the word and concept It is uncertain whether the use of the word "club" originated in its meaning of a knot of people, or from the fact that the members "clubbed" together to pay the expenses of their gatherings. The oldest English clubs were merely informal periodic gatherings of friends fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnership
A partnership is an agreement where parties agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. History Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by Francesco di Marco Datini, a merchant of Prato and Florence. The Covoni company (1336–40) and the Del Buono-Bencivenni company (1336–40) have also been referred to as early partnerships, but they were not formal partnerships. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th century. In the 15th century ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Secretary Of Hong Kong
The Financial Secretary is the title held by the Hong Kong government minister who is responsible for all economic and financial matters (“Department of Finance” per Article 60 of the Basic Law). The position is among the three most senior Principal Officials of the Government, second only to the Chief Secretary in the order of precedence (but not subordinate to the CS). Together with other secretaries, the Financial Secretary is accountable to the Legislative Council and the Chief Executive (the Governor before the 1997 handover In cellular telecommunications, handover, or handoff, is the process of transferring an ongoing call or data session from one channel connected to the core network to another channel. In satellite communications it is the process of transf ...) for his actions in supervising the formulation and implementation of financial and economic policies. The position evolved out of the office of the Colonial Treasurer before 1940. The Financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
