securities and commodities trading and corporate tax profits tax - HKWJ Tax Law

Trading Securities and Commodities and Corporate Income

The question whether or not the profits including commissions arising out of securities and commodities trading are subject to Hong Kong corporate income tax have been subject to several Hong Court cases. In Nice Cheer Investment Limited v CIR (HCIA 8/2007), dated 28th of June 2011, were however the unrealised gains arising out of the […]

Mainland China Tax Circular- HKWJ Tax Law

Mainland China Circular 698 Applications

Guoshuihan [2009] No. 698 (“Circular 698”) was issued on the 10th of December 2009 and is still subject to considerable controversy, mainly because of its lack of clarity regarding non-residents of Mainland China. Some guidelines on the application of Circular 698 can be derived from Guo Shui Fa [2010] No 75 (“Circular 75”), which contains […]

Stock Lending & Repo Transactions

Stock Lending & Repo Transactions   According to a recent Securities Lending Times newsletter, despite the downturn, Hong Kong is still the market leader in terms of the securities lending industry and this market has been picking up throughout the first half of this year. This is of course good news for Hong Kong and […]