AC 4080 Contemporary Issues in Accounting

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AC 4080 Contemporary Issues in Accounting

• By
• Chan Yuk Sheung (95070417)
• Cheng Choi Yin (95087829)
• Ho Mei Wan (95089718)

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Taxation of e-Commerce
in
Hong Kong
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Introduction

• e-Commerce
• New business model in the world
• Loss of tax revenue
• an immense opportunities to evade taxation!!
• (working group for Indias tax board)

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Business Activity
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e-Business Model
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Why???????
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Taxation problems arising from e-Commerce
Identification
Permanent Establishment
Administrative cost
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Short Term Solution
Tax on credit card payment
Temporary free zone
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Long-Term Solution
Residence Based
Tax on broadband wave
Anti-avoidance
Tax Free
Updates to Tax treaties
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Conclusion

• Problems to taxation of e-Commerce
• Solutions to taxation of e-Commerce
• Close the loopholes

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END