Judicial Committee of the Privy Council.

Judgment delivered 2 October 1984.

Profits tax – Hong Kong – Stock exchange funded by subscriptions, entrance fees and founders’ contributions – Whether a club or a trade association – Whether entrance fees and founders’ contributions properly described as subscriptions – Inland Revenue Ordinance (Hong Kong) 1971, sec. 14, 16, 24.

  This was an appeal by the taxpayer company against a decision of the Court of Appeal in Hong Kong that it was chargeable to profits tax on the whole of its income, including entrance fees and subscriptions.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.