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
Related questions
Question
Explain the high;oghted sentence in layman term.
Transcribed Image Text: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)
Transcribed Image Text: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
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