HONG KONG BAPTIST UNIVERSITY

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					                      HONG KONG BAPTIST UNIVERSITY
                   DEPARTMENT OF ACCOUNTANCY AND LAW
                                ACCT 2450
                          HONG KONG TAXATION
                            SECOND SEMESTER
                             COURSE OUTLINE


Subject Lecturer

Dr. Daniel Ho (Room: WLB 714; Tel: 3411 7539; email: danielho@hkbu.edu.hk)


Objective

This subject aims to introduce students the principles and administration of the income tax
system of Hong Kong. This subject discusses the general principles of taxation, property tax,
salaries tax, profits tax, depreciation allowance, and personal assessment. It also provides
students with basic of stamp duty.


Essential Textbooks

1. Lee, Hong Kong Taxation, Latest Edition, Hong Kong Association of Accounting
   Technicians.

2. Smith and Macpherson, Hong Kong Taxation: Law & Practice, Latest Edition, The
   Chinese University of Hong Kong Press.

Reference
3. Lee and Ho, Advanced Taxation in Hong Kong, Latest Edition, Longman.


Useful Web-site

1. http://www.hkbu.edu.hk/~danielho
2. http://www.hklii.org/


Assessment

              Class Participation and Discussion                                      20%
              Assignment(s)                                                           10%
              Test(s)                                                                 15%
              Examination                                                             55%
                                                                                     100%




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Teaching and Learning Method

There is a three-hour meeting per week. Students are required to attend all meetings and are
expected to read the assigned readings. Topics will be covered through a combination of
teaching and learning modes including lectures, problem discussions and presentations.

Teaching Schedule

 Week    Tentative Topic        Readings
 1       Overview and           Essential:
         Property Tax           Overview:
                                 L: Ch. 1-2
                                 L: Ch. 3-5 (brief reading)
                                Property Tax:
                                 L: Ch. 6
                                 DIPN 14
                                Additional:
                                Overview:
                                 S&M: Ch. 1; L&H: Ch. 1
                                 S&M: Ch. 7-9 (brief reading); L&H: Ch. 7-8 (brief
                                   reading)
                                 DIPN 6 (brief reading)
                                Property Tax:
                                 S&M: Ch. 2; L&H: Ch. 6
 2       Salaries Tax I         Essential:
                                 L: Ch. 7-8
                                 DIPN 10, 16, 41
                                Additional:
                                 S&M: Ch. 3.1-3.4; L&H: Ch. 2-3
 3       Salaries Tax II        Same as above
 4       Salaries Tax III       Essential:
                                 L: Ch. 9-10
                                 DIPN 9, 35, 36, 37
                                Additional:
                                 S&M: Ch. 3.5–3.8 (excludes 3.8.1), 6.6; L&H: Ch. 4-5
                                 DIPN 38 (brief reading)
 5       Salaries Tax IV        Same as above
 6       Profits Tax I          Essential:
                                 L: Ch. 11-12
                                 DIPN 21
                                Additional:
                                 S&M: Ch.4.1–4.4; L&H: Ch. 9-10 [Ch. 10, para. 65-
                                   77 (brief reading): cases on source of profits]
 7       Profits Tax II         Essential:
                                 L: Ch. 13
                                 DIPN 4, 13, 17, 22, 34
                                Additional:



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                              S&M: Ch. 4.5.1-4.5.4; L&H: Ch. 11 [Ch. 11, para. 57-
                               70 (brief reading): stock borrowing and lending].
                             DIPN 42 (brief reading)
 8      Profits Tax III     Essential:
                             L: Ch. 13
                             DIPN 3, 5, 12, 28, 40
                            Additional:
                             S&M: Ch. 4.5.5-4.5.10; L&H: Ch. 12
                             DIPN 13A (brief reading)
 9      Profits Tax IV      Essential:
                             L: Ch. 14
                            Additional:
                             S&M: Ch. 4.5.12-4.5.16, 4.6; L&H: Ch. 13-14 [Ch.
                               13, para. 10-24 and para. 25-31 (brief reading): trading
                               stock and Sharkey v Wernher].
                             DIPN 1 (brief reading)
 10     Partnership and     Essential:
        Personal Assessment  L: Ch. 15, 18
                             DIPN 18
                            Additional:
                             S&M: Ch. 4.7.9, 6; L&H: Ch. 15,19
 11     Depreciation        Essential:
        Allowance – Plant &  L: Ch. 16
        Machinery            DIPN 7
                            Additional:
                             S&M: Ch. 5.6-5.9, 5.11; L&H: Ch. 17
 12     Depreciation        Essential:
        Allowance –          L: Ch. 17
        Buildings           Additional:
                             S&M: Ch. 5.1-5.5; L&H: Ch. 18
                             DIPN 2 (brief reading)
 13     Stamp Duty and      S&M: Ch. 11 (brief reading)
        Final Review        L&H: Ch. 20 (brief reading)


Key:
 L refers to Lee book.
 S&M refers to Smith and Macpherson book.
 L&H refers to Lee and Ho book.
 DIPN refers to Inland Revenue Department’s Departmental Interpretation & Practice
   Notes [Available in IRD’s website]




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