Hong Kong Tax Alert - Issue 17, July 2014 The Inland Revenue Department (IRD) has issued Departmental Interpretation and Practice Note No. 50 (“the DIPN”) on the Taxation of Specified Alternative Bond Schemes. The DIPN gives the IRD’s views on the correct interpretation of the legislation introduced last year to allow for greater tax parity between conventional and Islamic bond arrangements. This document analyses the DIPN and its consequences for taxpayers.
© 2020 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.