Inland Revenue (Amendment) Bill 2000 (Agenda) -- 2 March 2004



Bills Committee on
Inland Revenue (Amendment) Bill 2000

Eighth Meeting on
Tuesday, 2 March 2004, at 8:30 am
in Conference Room B of the Legislative Council Building

Agenda

  1. Meeting with the Administration
    (8:30 am - 10:25 am)

    Matters arising from previous meetings

    LC Paper No.

    Administration's paper on "Tax Treatment of Interest Income and Payments: A Comparison with Overseas Jurisdictions"

    CB(1)1158/03-04(01)
    (English version issued on 1 March 2004,Chinese version to follow)

    List of issues requiring follow-up actions by the Administration (Position as at 1 March 2004)

    CB(1)1158/03-04(02)
    (issued on 1 March 2004)

    Written submissions and Administration's response

    LC Paper No.

    Capital Markets Tax Committee of Asia (Hong Kong Chapter)

    CB(1)500/03-04(03)
    (English version only)
    (issued on 5 December 2003)

    Hong Kong Society of Accountants(Submission dated 8 December 2004)

    CB(1)531/03-04(01)
    (English version only)
    (issued on 8 December 2003)

    Hong Kong Society of Accountants(Submission dated 4 February 2004)

    CB(1)947/03-04(01)
    (English version only)
    (issued on 9 February 2004)

    Joint Liaison Committee on Taxation

    CB(1)500/03-04(04)
    (English version only)
    (issued on 5 December 2003)

    The Association of Chartered Certified Accountants Hong Kong

    CB(1)500/03-04(05)
    (English version only)
    (issued on 5 December 2003)

    The Chinese General Chamber of Commerce

    CB(1)500/03-04(06)
    (English version only)
    (issued on 5 December 2003)

    The Hong Kong Association of Banks

    CB(1)500/03-04(07)
    (English version only)
    (issued on 5 December 2003)

    The Real Estate Developers Association of Hong Kong (Submission dated 1 December 2003)

    CB(1)500/03-04(08)
    (English version only)
    (issued on 5 December 2003)

    The Real Estate Developers Association of Hong Kong (Submission dated 23 December 2003)

    CB(1)921/03-04(03)
    (English version only)
    (issued on 3 February 2004)

    The Taxation Institute of Hong Kong(Submission dated 1 December 2003)

    CB(1)500/03-04(09)
    (English version only)
    (issued on 5 December 2003)

    The Taxation Institute of Hong Kong(Submission dated 20 December 2003)

    CB(1)921/03-04(04)
    (English version only)
    (issued on 3 February 2004)

    Hong Kong Bar Association

    CB(1)921/03-04(05)
    (English version only)
    (issued on 3 February 2004)

    Summary of views submitted to the Bills Committee and the Administration's response upon re-activation of the Bill (position as at 23 February 2004)

    CB(1)1074/03-04(02)
    (issued on 23 February 2004)

    Correspondence between Assistant Legal Adviser 1(ALA1) and the Administration

    ALA1's letterAdministration's reply

    Letter dated 13 November 2003 from ALA1 to the Administration on the technical aspects of the proposed Committee Stage amendments

    CB(1)500/03-04(01)
    (issued on5 December 2003)

    CB(1)500/03-04(02)
    (English and Chinese versions issued on 5 December 2003 and 3 February 2004 respectively)

    Other papers

    LC Paper No.

    Administration's paper on follow-up actions arising from the discussion at the meeting on 5 February 2004

    CB(1)1064/03-04(01)
    (English and Chinese versions issued on 20 and 23 February 2004 respectively)

    List of statutory bodies established by legislation to register and recognise professional qualifications and status or grant permits or licences for practicing in a profession, trade or occupation(referred to in LC Paper No. CB(1)1064/03-04(01))

    CB(1)1104/03-04(01)
    (issued on 24 February 2004)

    Extracts from legislation or tax guides of Singapore, Malaysia, Australia, New Zealand and the United Kingdom relevant to proposed section 15(1)(ba) (Clause 5 of the Bill)

    CB(1)947/03-04(02)
    (English version only)
    (issued on 9 February 2004)

    The case of Commissioner of Inland Revenue and Emerson Radio Corp (1999)2 Hong Kong Court of Final Appeal Report

    CB(1)947/03-04(03)
    (English version only) (issued on 9 February 2004)

    Administration's paper on response to concerns raised at the meeting on 9 December 2003

    CB(1)921/03-04(01)
    (issued on 3 February 2004)

    Revised proposed Committee Stage amendments provided by the Administration on 7 November 2003

    CB(1)303/03-04(01)
    (issued on11 November 2003)

    Marked-up copy of revised proposed Committee Stage amendments provided by the Administration on 7 November 2003

    CB(1)303/03-04(02)
    (issued on12 November 2003)

    Paper provided by the Administration on "Results of the Consultations and Effects of the Proposed Committee Stage Amendments"

    CB(1)7/03-04(01)
    (issued on 2 October 2003)

  2. Any other business
    (10:25 am - 10:30 am)

    (A list of other relevant papers and submissions previously issued is in the Appendix to agenda.)

Council Business Division 1
Legislative Council Secretariat
1 March 2004

Appendix to Agenda

List of other relevant papers issued previously


PapersPaper No./Ref.

Bill gazetted on 5 October 2000

LC Paper No. CB(3)29/00-01
(issued on 4 October 2000)

Legislative Council Brief

File Ref: FIN CR 1/2306/00
(issued by the Finance Bureauon 29 September 2000)

Legal Service Division Report

LC Paper No. LS8/00-01
(issued on 16 October 2000)

Correspondence between the Legal Service Division (LSD) and the Administration

LC Paper No. CB(1)129/00-01(03)
(issued on 3 November 2000)

Information paper provided by the Administration - Examples of the kinds of avoidance schemes to be addressed with the proposed amendments to section 16(2) of the Inland Revenue Ordinance (Cap. 112)

LC Paper No. CB(1)185/00-01(01)
(issued on 17 November 2000)

The Administration's response to the concerns raised by the Bills Committee at the 6 and 20 November 2000 meetings

LC Paper No. CB(1)248/00-01(07)
(English and Chinese versions issued on 1 and 6 December 2000 respectively)

#Proposed Committee Stage amendments provided by the Administration on 25 July 2003

LC Paper CB(1)2323/02-03 (01)
(issued on 1 August 2003)

Administration's paper on response to concerns raised at the meeting on 13 November 2003

LC Paper No. CB(1)531/03-04(02)
(English and Chinese versions issued on 5 December 2003 and 3 February 2004 respectively)

# The Administration has provided a set of revised Committee Stage amendments on 7 November 2003.

SubmissionsLC Paper No./Ref.

*PricewaterhouseCoopers Limited

CB(1)248/00-01(01)
(English version only)
(issued on 1 December 2000)

*Supplementary information provided by the PricewaterhouseCoopers Ltd.

CB(1)273/00-01(03)
(English version only)
(issued on 6 December 2000)

The Association of Chartered Certified Accountants Hong Kong

CB(1)248/00-01(02)
(English and Chinese versionsissued on 1 and 8 December 2000 respectively)

The Taxation Institute of Hong Kong

CB(1)248/00-01(03)
(English version only)
(issued on 1 December 2000)

Hong Kong Society of Accountants

CB(1)248/00-01(04)
(English version only)
(issued on 2 December 2000)

*The Hong Kong General Chamber of Commerce

CB(1)248/00-01(05)
(English version only)
(issued on 1 December 2000)

Woo, Kwan, Lee & Lo

CB(1)248/00-01(06)
(English version only)
(issued on 1 December 2000)

The Hong Kong Association of Banks

CB(1)274/00-01
(English version only)
(issued on 6 December 2000)

Hong Kong Bar Association

CB(1)351/00-01
(English version only)
(issued on 19 December 2000)

Capital Markets Tax Committee of Asia (Hong Kong Chapter)

CB(1)366/00-01
(English version only)
(issued on 22 December 2000)

The Real Estate Developers Association of Hong Kong

CB(1)510/00-01
(English version only)
(issued on 29 January 2001)

Summary of deputations' concerns (Covering deputations who have agreed to release their submissions to the public)

CB(1)303/03-04(03)
(issued on 11 November 2003)

Summary of deputations' concerns(Covering deputatons who have advised that their submissions should not be released to the public)

CB(1)303/03-04(04)
(issued on 11 November 2003)

* Deputations who have advised that their submissions should not be released to the public.


Council Business Division 1
Legislative Council Secretariat
1 March 2004