APA uncovered

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. Which of the following provides authority and administrative power to the Inland Revenue Department ('IRD') for concluding an APA with the tax authority of another jurisdiction?

  2. Which of the following APAs are currently not covered under the Hong Kong APA program?

  3. Which of the following, is the annual application threshold provided in the DIPN48 for an APA?

  4. How many years will an APA in Hong Kong normally cover, before an renewal/extension is required?

  5. Which of the following is not part of the APA application process?

  6. What is the meaning of a collateral issue?

  7. Which of the following sentences are incorrect with respect to collateral issues?

  8. Which of the below is not an opportunity provided by Hong Kong's APA program to taxpayers?

  9. Which of the following are challenges faced by taxpayers applying for an APA program?

  10. Which of the following sentences are false with respect to the Hong Kong APA program?