1386
THE HONG KONG GOVERNMENT GAZETTE, SEPTEMBER 13, 1940.
L.S.
HONG KONG.
No. 29 or 1940.
Jassent.
E. F. NORTON,
Officer Administering the Government.
13th September, 1940.
An Ordinance to amend further the War Revenue Ordinance,
1940.
[13th September, 1940.]
Short title.
Amendment
of Ordin-
ance No.
13 of 1940, s. 8.
Substitution for Ordin- ance No. 13 of 1940, s. 10.
Ascertain- ment of assessable income.
Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the War Revenue (No. 2) Amendment Ordinance, 1940.
1$
2. Section 8 of the War Revenue Ordinance, 1940, (hereinafter referred to as the principal Ordinance) amended by the addition of the following paragraph at the end of the proviso of exemptions thereto :-
(v) any income exempted by order of the Governor in Council under section 62.
3. Section 10 of the principal Ordinance is repealed and the following section is substituted therefor :-
10. (1) The assessable income chargeable to salaries tax for any year of assessment shall be computed, where practicable, on the income of the recipient as defined in section 9 for the year preceding that year of assessment so that-
(a) if the recipient resides in the Colony for the whole. of both years the assessable income shall be the income of the year preceding the year of assessment;
(b) if the recipient resides in the Colony for the whole of the preceding year, but only for a portion of the year of assessment, the assessable income shall be a proportionate fraction of the income of the preceding year;