The new edition of this Wolters Kluwer title is now updated to cover the newest developments and trends in Hong Kong taxation for the year 2023/24. The practical aspect of this title has proven to be of great value to candidates preparing for their professional qualification exams as well as to taxation and accounting students who would like to pursue a career in this exciting industry. The book provides an in-depth analysis of the taxation related issues in Hong Kong, from the implementation of new legislation to the latest departmental notes and current tax cases, as well as international tax issues promulgated by the Organisation for Economic Co-operation and Development (“OECD”) such as the Base Erosion and Profit Shifting Initiative (“BEPS”). New materials covered in the 2023/24 edition include the following: Changes announced in the 2023/24 budget Deduction of domestic rents Foreign-sourced income exemption (FSIE) regime Exemption of carried interest Concession for family office business Discussion on China income tax for cross-border business and employment is included and updated in this edition. The book also examines recent tax cases on such areas of practice as source of profits (Newfair Holdings Ltd case), capital expenditure (KWP Quarry Company Limited case and China Mobile Hong Kong Company Limited case). Topic-related revision questions at the end of each chapter with suggested solutions are particularly useful for professional taxation examination candidates and undergraduate and postgraduate students.