application to Inland Revenue for non taxable business transactions

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  1. #1

    Join Date
    Feb 2006
    Location
    Tung Chung
    Posts
    6

    application to Inland Revenue for non taxable business transactions

    does anyone here have any experience with this?

    I could not justify paying the HKD 50k for an Advance Ruling on this as I am not certain the direction and volume this new business will generate.

    almost 100% of the transactions will be shipped to Mideast, Africa, EU + Americas directly from China, there will be no phone numbers or postal addresses in HK used at all

    only bank info for HK


  2. #2

    Join Date
    Mar 2010
    Posts
    238

    As long as there are no employees in HK and the sales/purchases were transacted outside HK, you would be exempt.

    No point in getting an advanced ruling unless you have flexibility to re-arrange your business processes to suit tax purposes.