Cap. 112DF 《豁免利得稅(中國人民銀行債務票據)令》Exemption from Profits Tax (People’s Bank of China Debt Instrument) Order

生效中

版本日期: 2019-04-11

Cap. 112DE

Cap. 112DG

Exemption from Profits Tax (People’s Bank of China Debt Instrument) Order

(Cap. 112, section 87)

(Enacting provision omitted—E.R. 1 of 2019)

[1 March 2019]

1.

(Omitted as spent—E.R. 1 of 2019)

2. Interpretation

In this Order—

PBoC debt instrument (中國人民銀行債務票據) means a debt instrument issued in Hong Kong by the People’s Bank of China.

3. Exemption

(1)

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—

(a)

interest paid or payable on a PBoC debt instrument;

(b)

profits on the sale, or other disposal, of a PBoC debt instrument; or

(c)

profits on the redemption, on maturity or presentment, of a PBoC debt instrument.

(2)

This section applies in relation to profits tax chargeable for the year of assessment commencing on 1 April 2018 and for all subsequent years of assessment.