ADVANCED TAXATION (MODULE FROM MASTER OF SCIENCE IN PROFESSIONAL ACCOUNTING AND CORPORATE GOVERNANCE)

(1) Introduction to the Hong Kong Tax System and Basic Terminology (3 hours) (2) Property Tax: Property Tax Computation, Exemptions and Tax Relief (3 hours) (3) Salaries Tax: Scope of Charge, Sources of Income and Chargeable Income, Taxation of Benefits-in-Kind and Allowable Deductions, Concessionary Deductions, Personal Allowances, Salaries Tax Computation, Joint Assessment and Provisional Salaries Tax, Exemptions and Tax Relief (9 hours) (4) Profits Tax: Scope of Charge, Source of Profits, Chargeable Income, Deemed Trading Receipts, Allowable Deductions, Non-Deductible Expenses and Treatment of Losses, Profits Tax Computation, Basis Period, Provisional Profits Tax, Exemptions and Tax Relief (11 hours) (5) International Taxation, Double Tax Agreement, and BEPS 2.0 (3 hours) (6) Depreciation Allowances – Plant and Machinery, Industrial Buildings and Commercial Buildings (1 hour) (7) Personal Assessment (3 hours) (8) Stamp Duty (3 hours) (9) Tax Administration, Obligations of Taxpayers, Returns, Assessments, Objections and Appeals, Anti-tax avoidance (3 hours)