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HK Cap. 112AI
HK Cap. 112AI — Tax Exemption (2001 Tax Year) Order
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Tax
Exemption (2001 Tax Year) Order ( Cap. 112, section
87 ) (Enacting provision omitted— E.R. 5 of
2020 ) [23 May 2003] (Format changes— E.R. 5 of 2020 ) 1. Interpretation
In this Order—
appropriate
proportion
( 適當份額 ), in relation to a person who has together
with his or her spouse elected under section 41(1A) of the Ordinance to be
assessed under Part
7
of the Ordinance for the 2001 tax year, means the proportion in which the amount of the
tax chargeable on the person and his or her spouse under section 43 of the
Ordinance for that tax year is chargeable on the person under that section 43 ;
( E.R. 5 of 2020 )
2001
tax
year
( 2001 課稅年度 ) means the year of assessment
commencing on 1 April 2001. 2. Exemption from tax
(1)
Subject to subsection (2), any person who is chargeable to tax under Part
3
of the Ordinance for the 2001 tax year shall be exempt from the
payment of an amount equivalent to—
( E.R. 5 of 2020 )
(a) 50% of the amount of the tax to which he is so chargeable; or
(b) $3,000, whichever is the
less.
(2)
Any person who is chargeable to tax under Part
7
of the Ordinance for the 2001 tax year shall be exempt from the payment of an amount
equivalent to—
( E.R. 5 of 2020 )
(a)
subject to paragraph (b)— (i) 50% of the amount of the tax chargeable on the person under
section 43 of the Ordinance for that tax year; or (ii) $3,000, whichever is the less; or
(b)
where the person and his or her spouse have elected under section
41(1A) of the Ordinance to be assessed under Part
7
of the Ordinance for that tax year, the appropriate proportion of—
( E.R. 5 of 2020 ) (i) 50% of the amount of the tax chargeable on the person and his or her
spouse under section 43 of the Ordinance for that tax year;
or (ii) $3,000, whichever is the less.