WebAn independent review organization (or IRO) means an entity that conducts independent external reviews of adverse benefit determinations and final internal adverse benefit determinations pursuant to paragraph (c) or (d) of this section. ( … Webexpenditure incurred” that were allowable by the preamble of section 16(1), and that it would be sufficient for claiming a deduction if the R&D expenditures incurred were "related to that trade, profession or business" as provided in section 16B(1)(b). He asked whether it would be acceptable if the R&D activities were undertaken by, for

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WebSection 16(1)(c) is a double tax relief provision which is relatively limited in its application. It only applies in respect of certain interest income and gains on debt instruments that are … WebDeductions NOT allowed (IRO s17) Section 16(1) provides a list of deductions which are specifically allowed, while section 17(1) provides a list of expenses (private expenses, capital expenditure etc.) which are specifically NOT allowed Therefore, only those items that are qualify under s16 and are NOT excluded under s17 are deductible 1 christine baranski facebook

Hong Kong Tax Alert - EY

WebSchedule 45 of the Inland Revenue Ordinance (IRO). For details of the deduction regime, please refer to our : Tax Analysis (Issue H82/2024) published on 4 May 2024 and: ... deduction of its expenditures under the general expense deduction provision Section 16(1) of the IRO. In contrast, a group sets up a special-purpose vehicle (SPV) to ... WebSection 16 (1) (c) allows a deduction for foreign taxes (where they are substantially similar to Hong Kong profits tax –i.e. tax on profits not tax on gross income) imposed on sums … WebIRO Section.16 Ascertainment of chargeable profits IRO Section.17 Deductions not allowed Tax computation [ edit] IRO Section.18 Basis for computing profits IRO Section.18F … gerd keiser optical fiber communication pdf