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Hong Kong court ruled in favour of a taxpayer on its offshore claim
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The Court of First Instance has recently delivered a judgment in favour of Li & Fung (Trading) Limited (LFT) in its tax dispute with the Inland Revenue. In its judgment, the Hong Kong Court has confirmed that the commission income earned by LFT was offshore and not chargeable to Hong Kong profits tax.
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Joseph Chu
Consultant
Litigation & dispute resolution
+861065352284
