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About: Partnership taxation (Hong Kong)     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Tax113308999, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatBusinessTaxesyago:Abstraction100002137yago:Charge113400798yago:Levy113308864yago:Liabilities113396054yago:Possession100032613yago:Relation100031921yago:Tax113308999 New Facet based on Instances of this Class

Partnership taxation in Hong Kong is the taxation of the profits or losses generated by partnership business entities. First, these profits or losses of the partnership are assessed according to the Hong Kong Inland Revenue Ordinance, Chapter 112, section 22. After assessment, then said profits or losses flow through the partnership to the partners who are then taxed on their share of said profits or losses generated by the partnership without any taxes levied against the partnership.