Profits Tax

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Profits Tax

A term for the corporate tax in Hong Kong.
References in periodicals archive ?
The instructions should clarify that taxpayers may present the data on Schedules C and F, as well as Schedules D (Cost of Goods Sold), E (Income, War Profits, and Excess Profit Taxes Paid or Accrued), and G (Analysis of Unappropriated Retain Earnings per Books), in the CFC's functional currency as long as the adjustments required by Treas.
WASHINGTON -- The oil profit taxes and gas tax cuts suggested by the presidential candidates make little or no economic sense, according to a new Tax Foundation analysis of the Obama, McCain and Clinton responses to rising gas taxes.
Wage, earnings, and net profit taxes on residents and non-residents make up one-third of cash flow receipts and collections are evenly dispersed throughout the year.
The court order results from a lawsuit filed in Yerevan by the Government's Ministry of State Revenues, to collect back profit taxes (capital gains taxes) owed as a result of the sale in March 1998 of the majority interest in ArmenTel to OTE by the Government and Trans-World Telecom, Ltd.
In February 1999 the Fund announced that redemptions of Creation Units of Malaysia Series WEBS would be effected exclusively through the delivery of Malaysian ringgits to an investor's account at a duly licensed Malaysian financial institution, and noted that an investor receiving such proceeds would be subject to repatriation penalties under Malaysian law that involve exit levies and profit taxes.
Investors that redeem Creation Units of Malaysia Series WEBS at different times may be subject to significantly different economic consequences, depending on how the Malaysian exit levies and profit taxes are applied, including the extent to which, if any, the Malaysian authorities trace the source of ringgits paid to redeeming investors by the Fund.