Bills Committee on
Inland Revenue (Amendment) Bill 2000

Tenth Meeting on
Tuesday, 11 May 2004, at 4:30 pm
in Conference Room B of the Legislative Council Building

Agenda

I.	Meeting with the Administration (4:30 pm - 7:25 pm) Matters arising from previous meetings
			LC Paper No.
	Administration's paper on response to concerns raised at the meeting on 29 April 2004		CB(1)1753/03-04 (01) (English version issuedon 10 May 2004,Chinese version to follow)
	The Real Estate Developers Association ofHong Kong (Submission dated 5 May 2004)		CB(1)1733/03-04 (01) (English and Chinese versions issued on 5 and 10 May 2004 respectively)
	Administration's response to submission fromthe Real Estate Developers Association of Hong Kong		CB(1)1753/03-04 (02) (to follow)
	The relevant Hansard on the Second Reading of the Inland Revenue (Amendment) Bill 1986		CB(1)1714/03-04 (01) (issued on 4 May 2004)
	List of issues requiring follow-up actions by the Administration (Position as at 10 May 2004)		CB(1)1753/03-04 (03) (issued on 10 May 2004)
	Other written submissions relating to the proposed anti-avoidance provisions and Administration's response
			LC Paper No.
	Capital Markets Tax Committee of Asia (Hong Kong Chapter)		CB(1)1438/03-04 (01) (issued on 2 April 2004)
	Hong Kong General Chamber of Commerce		CB(1)1438/03-04 (02) (issued on 2 April 2004)
	The Taxation Institute of Hong Kong		CB(1)1438/03-04 (03) (issued on 2 April 2004)
	Joint Liaison Committee on Taxation		CB(1)1525/03-04 (01) (issued on 15 April 2004)
	The Real Estate Developers Association of Hong Kong (Submission dated 2 April 2004)		CB(1)1525/03-04 (02) (issued on 15 April 2004)
	Summary of views and the Administration's response on the impacts of proposed section 16(2C) and the proposed exemption of "market-makers" under proposed sections 16(2G) and 16(2H) (position as at 26 April 2004)		CB(1)1654/03-04 (05) (English and Chinese versions issued on 28 April and 10 May 2004 respectively)
	Clause-by-clause examination of the Bill
			LC Paper No.
	Revised proposed Committee Stage amendments (CSAs) provided by the Administration on 7 November 2003		CB(1)303/03-04 (01) (issued on 11 November 2003)
	Marked-up copy of revised proposed CSAs provided by the Administration on 7 November 2003		CB(1)303/03-04 (02) (issued on 12 November 2003)
	Revised draft CSAs provided by the Administration on 8 May 2004		CB(1)1753/03-04 (04) (issued on 10 May 2004)
	Correspondence between Assistant Legal Adviser 1 (ALA1) and the Administration
		ALA1's letter	Administration's reply
	Letter dated 13 November 2003 from ALA1 to the Administration on the technical aspects of the proposed CSAs	CB(1)500/03-04 (01) (issued on 5 December 2003)	CB(1)500/03-04 (02) (English and Chinese versions issued on 5 December 2003 and 3 February 2004 respectively)
	Administration's papers issued for previous meetings
			LC Paper No.
	Administration's paper on response to concerns raised at the meeting on 13 November 2003		CB(1)531/03-04 (02) (English and Chinese versions issued on 5 December 2003 and 3 February 2004 respectively)
	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)
	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)
	Administration's paper on "Tax Treatment of Interest Income and Payments: A Comparison with Overseas Jurisdictions"		CB(1)1158/03-04 (01) (English and Chinese versions issued on 1 and 3 March 2004 respectively)
	Administration's letter dated 28 April 2004 on "Follow-up on issues raised at the meeting on 2 March 2004"		CB(1)1654/03-04 (02) (English and Chinese versions issued on 28 April and 10 May 2004 respectively)
	Administration's paper on "Draft CSAs for savings provisions and self-education expenses deduction"		CB(1)1654/03-04 (01) (English and Chinese versions issued on 28 April and 10 May 2004 respectively)
	Administration's response to comments relating to exemption from 'tax symmetry' rule for internal borrowings by associated corporations		CB(1)1654/03-04 (03) (English and Chinese versions issued on 28 April and 10 May 2004 respectively)
II.	Any other business (7:25 pm - 7:30 pm)
	(A list of other relevant papers and submissions previously issued is in the Appendix to agenda.)

Council Business Division 1
Legislative Council Secretariat
10 May 2004

Appendix to Agenda

List of other relevant papers issued previously

Papers	Paper No./Ref.
Legislative Council Brief	File Ref: FIN CR 1/2306/00 (issued by the Finance Bureauon 29 September 2000)
Paper provided by the Administration on "Results of the Consultations and Effects of the Proposed CSAs"	CB(1)7/03-04(01) (issued on 2 October 2003)
Bill gazetted on 5 October 2000	LC Paper No. CB(3)29/00-01 (issued on 4 October 2000)
Legal Service Division (LSD) Report	LC Paper No. LS8/00-01 (issued on 16 October 2000)
Correspondence between the 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)
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)	LC Paper No. 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	LC Paper No. CB(1)947/03-04 (03) (English version only) (issued on 9 February 2004)
Submissions	LC Paper No./Ref.
Summary of deputations' concerns (Covering deputations who have agreed to release their submissions to the public) (position as at 29 January 2001)	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) (position as at 29 January 2001)	CB(1)303/03-04 (04) (issued on 11 November 2003)
Capital Markets Tax Committee of Asia (Hong Kong Chapter)	CB(1)500/03-04 (03) (English version only)(issued on 5 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 (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 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)
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)

Council Business Division 1
Legislative Council Secretariat
10 May 2004