Beta
HK Cap. 112DA
HK Cap. 112DA — Exemption from Profits Tax (Non-Renminbi Sovereign Bonds) Order
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Exemption from
Profits Tax (Non-Renminbi Sovereign Bonds)
Order ( Cap. 112,
section
87 ) (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.