Webexisting provisions in the IRO, for example, section 16(3) concerning the ascertainment of chargeable profits. Under such definitions, an “associate” in essence means an entity which controls the issuer, or is subject to control of the issuer, or is subject to the control of the same person as is the issuer, either directly or indirectly. Web(section 16(2CB) of the IRO). In addition, the interest deduction is subject to “utilization of tax loss” restriction (section 16(2CC) of the IRO). There will be no interest deduction if the main purpose or one of the main purposes of the borrowing is to utilize a loss in order to avoid, postpone or reduce any liability, whether of the CTC or
Cap. 112 Inland Revenue Ordinance - e-Legislation
WebCap. 112 Inland Revenue Ordinance ─ Section 16D Approved charitable donations (Part 4) Quick Search Option Home View Legislation Bookmark List Printing List View RSS Feed Subscribe by Email [ Switch to simplified mode] Cap. 112 Inland Revenue Ordinance ─ Section 16D Approved charitable donations (Part 4) Timeline Gazette Number Match case WebView Legislation. Cap. 112 Inland Revenue Ordinance ─ Section 16 Ascertainment of chargeable profits [Past Version] dallas love field air traffic control tower
FAQ on Completion of Supplementary Form S14 – …
WebJan 1, 2024 · election in writing pursuant to section 18H of the IRO. Upon election, the alignment of the tax treatment with the accounting treatment will apply to the year of assessment for which the election is made and all subsequent years of assessment. Furthermore, all profits or losses of the prior years which would have been taxable or … WebDepartment under section 88 of the Inland Revenue Ordinance. 1. Institutions Eligible for Tax Exemption Under section 88 of the IRO, charitable institutions or trusts of a public character (referred to as ... granted if the conditions set out in section 16(a) of the Business Registration Ordinance are satisfied. Title: WebThis article highlights the key features of the proposed amendments. Foreign tax deductions Background . Prior to 2024, the Inland Revenue Department's (IRD's) published position in guidance was that foreign withholding tax on payments, such as interest and royalties, was deductible under section 16(1) of the IRO. dallas love field airport vs dfw