Profits Tax

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Profits Tax

A term for the corporate tax in Hong Kong.
References in periodicals archive ?
of which 1.292 bln AMD was income and profit taxes.
and profit taxes), INECOBANK (67th place - 997.5 mln AMD, with 974.5 mln AMD of this amount being income and profit taxes),
The tax authority determined that OCI avoided paying profit taxes by listing OBMH to benefit from the tax exemption granted to stock market operations.
But he wasn't offering to pay windfall profit taxes to help the government--already strapped by war and tax cuts for the wealthy--in this mission of mercy.
Numerous tax acts have been passed to provide relief from company and income tax, including free zones where investors are also exempt from profit taxes.
The Halls sought a refund of overpaid windfall profit taxes. Although the statute of limitations for filing such a claim had expired, they argued the mitigation provisions-- IRC sections 1311 to 1314 ....applied to their claim.
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.