HK Cap. 112AZ — Exemption from Salaries Tax (International Finance Corporation) Order

Exemption from Salaries Tax (International Finance Corporation) Order ( Cap. 112, section 87 ) (Enacting provision omitted— E.R. 5 of 2020 ) [13 October 2007] (Format changes— E.R. 5 of 2020 ) 1. (Omitted as spent— E.R. 5 of 2020 ) 2. Interpretation In this Order— International Finance Corporation ( 國際金融公司 ) means the international organization of that name established in Washington, D.C. on 24 July 1956. 3. Exemption from salaries tax (1) A Chinese national or Hong Kong permanent resident is exempt from the payment of salaries tax chargeable under section 8 of the Ordinance in respect of his income— (a) arising in or derived from Hong Kong from— (i) his holding an office in the International Finance Corporation; or (ii) his employment with the International Finance Corporation; and (b) paid by the International Finance Corporation. (2) This section applies in relation to salaries tax chargeable for the year of assessment commencing on 1 April 2007 and for all subsequent years of assessment.