HKICPA QP Module 9 Principles Of Taxation Practice Questions - HKICPA Qualification Programme Associate Level Module 9 Principles Of Taxation (Hong Kong) Exam

Both residents and non-residents are subject to tax on their worldwide income, provided they reside in Hong Kong for more than 180 days. Only residents of Hong Kong are subject to taxation on profits arising in or derived from Hong Kong. Profits and income are only chargeable to tax if they arise in or are derived from Hong Kong, regardless of the residence status of the taxpayer. Income is subject to tax based on the residence of the payer of the income, rather than where the services are performed.