Cap. 112DA 《豁免利得稅(非人民幣國債)令》Exemption from Profits Tax (Non-Renminbi Sovereign Bonds) Order
生效中Exemption from Profits Tax (Non-Renminbi Sovereign Bonds) Order
(Enacting provision omitted—E.R. 2 of 2018)
[30 March 2018]
1. (Omitted as spent—E.R. 2 of 2018)
2. Interpretation
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.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 non-Renminbi sovereign bonds;
(b)
profits on the sale, or other disposal, of non-Renminbi sovereign bonds; or
(c)
profits on the redemption, on maturity or presentment, of non-Renminbi sovereign bonds.
(2)
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.