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

They constitute subsidiary legislation and are binding on both the taxpayer and the courts. They represent the IRD's interpretation of tax provisions and are binding on the taxpayer but not on the courts. They have no legal binding force on either the taxpayers or the IRD, although they reflect the department's administrative practice. They are binding on the IRD as administrative statements of practice, but they do not have the force of law and are not binding on taxpayers or the courts.