Exemption from Profits Tax (Renminbi Sovereign Bonds) Order
(Enacting provision omitted—E.R. 4 of 2020)
[5 February 2010]
(Format changes—E.R. 4 of 2020)
(Omitted as spent—E.R. 4 of 2020)
In this Order—
Renminbi sovereign bonds (人民幣國債) means any bonds denominated in the Renminbi and issued in Hong Kong by the Central People’s Government.A person is exempt from the payment of profits tax chargeable under Part IV of the Ordinance in respect of sums received by or accrued to the person as—
interest paid or payable on Renminbi sovereign bonds; or
profits on the sale or other disposal or on the redemption on maturity or presentment of Renminbi sovereign bonds.
This section applies in relation to profits tax chargeable for the year of assessment commencing on 1 April 2009 and for all subsequent years of assessment.