Hong Kong Inland Revenue has published a revised version of Departmental Interpretation and Practice Notes (DIPN) No. 31 on advance rulings, which replaces the prior version issued in November 2011. The DIPN covers the types of rulings, the advance rulings system, application for advance rulings, the effects of a ruling, and other related issues.
According to Inland Revenue, DIPN No. 31 has been updated to reflect mainly (a) the legislative changes made by the Inland Revenue (Amendment) (N…