Exemption from Profits Tax (Non-Renminbi Sovereign Bonds) Order
(Enacting provision omitted—E.R. 2 of 2018)
[30 March 2018]
(Omitted as spent—E.R. 2 of 2018)
In this Order—
non-Renminbi sovereign bonds (非人民幣國債) means bonds— (a)denominated in any currency other than the Renminbi; and (b)issued in Hong Kong by the Central People’s Government.A person is exempt from the payment of profits tax chargeable under Part 4 of the Ordinance in respect of sums received by, or accrued to, the person as—
interest paid or payable on non-Renminbi sovereign bonds;
profits on the sale, or other disposal, of non-Renminbi sovereign bonds; or
profits on the redemption, on maturity or presentment, of non-Renminbi sovereign bonds.
This section applies in relation to profits tax chargeable for the year of assessment commencing on 1 April 2017 and for all subsequent years of assessment.