Read the full judgment text of HCIA 000012/2005 on BabelCite. This HCIA judgment was delivered on 28 June 2006.
1. This appeal raises the question whether a certain portion of US$11 million paid to the Taxpayer by his employer, Consolidated Electric Power Asia Ltd (“CEPA”), upon termination of his employment was his income from employment chargeable to salaries tax under the Inland Revenue Ordinance, Cap.112 (“the Ordinance”).