HKIAAT Paper 5 Principles of Taxation

 

Aim: This paper aims to develop and assess both the understanding of the fundamental principles of Hong Kong taxation and the application of those principles.

 

Examination Format

 

Section A

10 – 20 multiple choice questions

20 marks

Section B

1 – 3 compulsory questions

30 marks

Section C

2 out of 3 optional questions

50 marks

 

 

100 marks

 

HKIAAT – Paper 5 New Syllabus

HKIAAT – Paper 5 Pilot Paper

 

Reference Books or Readings

 

Author

Title

Publisher

Kaplan

Paper 5 Principles of Taxation (2008 ed.)

Kaplan

Patrick Ho

Hong Kong Taxation and Tax Planning

Pilot Publishing Ltd

HKSAR

Inland Revenue Ordinance (Chapter 112) and Inland Revenue Rules

www.legislation.gov.hk

HKSAR

IRD

Departmental Interpretation and Practice Notes (DIPN)

www.ird.gov.hk

IRD

Smith, D and Macpherson, A

Hong Kong Taxation: Law & Practice

The Chinese University Press

Dora Lee

Advanced Taxation in Hong Kong (12th ed.)

Longman Hong Kong Education

 

Course Outline

 

Chapter

Title

Updated on

Part I – Property Tax

1

Hong Kong Property Tax

27 Oct 09 

 

Exam Style Questions

Exam Style Answers

27 Oct 09 

21 Dec 09

 

Part II – Salaries Tax

2

Salaries Tax: Scope of Charge

3 Nov 09

3

Salaries Tax: Income from Office or Employment

15 Nov 09

4

Salaries Tax: Expenses and Deductions

15 Nov 09

5

Salaries Tax: Personal Allowances

15 Nov 09

6

Salaries Tax: Computation

30 Nov 09

 

Exam Style Questions

Exam Style Answers

Revision Questions

Revision Answers

30 Nov 09

21 Dec 09

30 Mar 10

30 Mar 10

Part III – Profits Tax

7

Profits Tax: Scope of Charge and Meaning of Trade

  14 Dec 09

8

Profits Tax: Territorial Source of Profit

  14 Dec 09

9

Profits Tax: Receipts

  14 Dec 09

10

Profits Tax: Expenditure

  21 Dec 09

11

Profits Tax: Computation

  21 Dec 09

12

Profits Tax: Basis Period, Change of Accounting Date and Losses

  4 Jan 10

13

Profits Tax: Partnership

  4 Jan 10

 

Exam Style Questions

Exam Style Answers

Revision Questions

Revision Answers

 11 Mar 10

 

Part IV – Depreciation Allowance

14

Depreciation Allowance: Plant and Machinery

19 Jan 2010 

15

Depreciation Allowance: Industrial Buildings and Commercial Buildings

19 Jan 2010

 

Exam Style Questions

Exam Style Answers

 

Part V – Personal Assessment

16

Personal Assessment

  8 Feb 10

 

Exam Style Questions

Exam Style Answers

 

Part VI – Tax Administration

17

Hong Kong Taxation System

 

18

Obligations, Returns, Assessments and Notices

 

19

Objection, Appeal, Holdover and Error or Omission Claims

 

20

Offences and Penalties

 

21

Recovery of Tax

 

 

Exam Style Questions

Exam Style Answers

 

7 Apr 10

7 Apr 10

 

Useful Links

 

HKIAAT

HKIAAT – Journal

HKIAAT - eNewsletter

HKICPA

ACCA

Prepared by: Harris Lui

 

 

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