Recent tax issues being queried by IRD
- Macau offshore company - Peak review year for IRD
- Depreciation allowance on plant and machinery used outside Hong Kong under section 39E
- Related party transactions
- Transfer pricing issues
- Royalties
- Management / consultancy fee
- Hong Kong branch of overseas head office
- Investment fund
If a tax audit file is opened, the IRD will follow the below review cycle before they can conclude the case.