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