1. 2. 3. What is the tax treatment of trading profits if the purchase contract is effected outside Hong Kong and the sales contract is effected in Hong Kong? A) Non-taxable B) Fully taxable C) Partially taxable D) None of the above is correct. A salaries taxpayer who is liable to pay salaries tax and has not received the Tax Return- Individuals for the year of assessment 2016/17 is required to inform the CIR his chargeability to salaries tax not later than A) 31 March 2017 B) 31 May 2017 C) 31 July 2017 D) 31 March 2018 An employer is normally required to notify the CIR the departure of his employee from Hong Kong if the employee, not for employment reason, will leave Hong Kong for more than A) 2 weeks. B) 1 month C) 2 months. D) 1 year Exemption for payment of property tax is only applicable to A) a corporation. B) a partnership C) an individual who owns more than one property. D) an individual who is aged over 60 years old. Mr Lee completed his employment contract on 30 June 2016 after working for 10 years. He received a lump sum gratuity of $960,000 on 31 July 2016. He has validly applied for relating back the lump sum and the amount that is related to the year of assessment 2016/17 is A) $3,000 B) S40,000 C) $80,000 D) $106,666 4. 5