Bills Committee on
Inland Revenue (Amendment) Bill 2000

Sixth Meeting on
Thursday, 5 February 2004, at 10:45 am
in Conference Room B of the Legislative Council Building

Agenda

I.Confirmation of minutes of meeting
(10:45 am - 10:50 am)

LC Paper No.

Minutes of meeting on 9 December 2003

CB(1)686/03-04
(issued on 31 December 2003)

II.Meeting with the Administration
(10:50 am - 12:40 pm)

Matters arising from the last meeting

LC Paper No.

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)

List of issues requiring follow-up actions by the Administration (position as at 3 February 2004)

CB(1)921/03-04(02)
(issued on 3 February 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

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

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 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 dated 23 December 2003

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

The Taxation Institute of Hong Kong dated 1 December 2003

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

The Taxation Institute of Hong Kong 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 3 February 2004)

CB(1)921/03-04(06)
(issued on 3 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.

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)

III.Any other business
(12:40 pm - 12:45 pm)

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

Council Business Division 1
Legislative Council Secretariat
3 February 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.

Submissions

LC 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
3 February 2004