Cap. 112DR 《豁免利得稅(內地地方各級人民政府發行的債務票據)令》Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s Government at Any Level) Order

生效中

版本日期: 2023-11-02

Cap. 112DQ

Cap. 112DS

Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s Government at Any Level) Order

(Cap. 112, section 87)

(Enacting provision omitted—E.R. 4 of 2023)

[31 March 2023]

1.

(Omitted as spent—E.R. 4 of 2023)

2. Interpretation

In this Order—

Mainland (內地) means any part of China other than Hong Kong, Macau and Taiwan; MLPG debt instrument (地方人民政府債務票據) means a debt instrument issued in Hong Kong by a local people’s government at any level in the Mainland.

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 MLPG debt instrument;

(b)

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

(c)

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

(2)

This section applies in relation to profits tax chargeable for any year of assessment commencing on or after 1 April 2022.