0120 B415F Salaries tax answers

0120 B415F Salaries tax answers - B415F Salaries tax 2 @*...

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11 B415F Salaries tax 2
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Exercise 1 Kitty is an air-hostess employed by Cathay Pacific in Hong Kong. During the years of assessment 2007/08, 2008/09 and 2009/10, her physical presence in Hong Kong was 75, 50 and 70 days respectively. Her annual incomes for the three years were HK$300,000, HK$360,000 and HK$280,000 respectively. Required: Advise Kitty on her HK salaries tax position and determine her assessable income for 2007/08, 2008/09 and 2009/10, if any. 22
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Answer to Exercise 1 n Kitty is subject to s8(2)(j) because she is an aircrew n For 2007/08: ¨ s8(2)(j)(i) was not satisfied because her presence in Hong Kong in the capacity of an air-hostess for 75 days, which is more than 60 days. ¨ s8(2)(j)(ii) was also not satisfied because in the two consecutive years of assessment (2007/08 and 2008/09), she was present in Hong Kong for a total of 125 days, which is more than 120 days - Cannot enjoy s8(2)(j) exemption 33
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Answer to Exercise 1 ¨ s8(1) apply since Cathay Pacific is a Hong Kong company, her employment in HK sourced ¨ full amount of HK$300,000 will be taxable in 2007/08 44
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This note was uploaded on 03/11/2010 for the course BBA B415 taught by Professor Mrli during the Spring '10 term at Academy of Art University.

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0120 B415F Salaries tax answers - B415F Salaries tax 2 @*...

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