48
CAP. 112]
Inland Revenue
[1989 Ed.
that person on the first day upon which he does carry on that trade or business.
(7) The same sums paid, or expenditure incurred, shall not be taken into account for any of the purposes of this section in relation to more than one trade or business.
(Added 35 of 1965 s. 10)
16C. Payments for technical education
(1) Notwithstanding anything in section 17, where a person carrying on a trade or business in Hong Kong makes any payment to be used for the purposes of technical education related to that trade or business at any university, university college, technical college or other similar institution which is approved in writing for the purposes of this section by the Director of Education (being an amount which is not otherwise allowable as a deduction under this Ordinance), the payment shall be deducted as an expense in ascertaining the profits from that trade or business for the year of assessment in the basis period of which the payment was made. (Amended 7 of 1986 s. 12)
(2) For the purposes of this section, technical education shall be deemed to be related to a trade or business, if, and only if, it is technical education of a kind specially requisite for persons employed in the class of trade or business to which that trade or business belongs.
(3) An approval for the purposes of subsection (1) may-
(a) operate as from a date, whether before or after the date of approval, specified in the instrument of approval; and
(b) be withdrawn at any time.
16D. Approved charitable donations
(Added 35 of 1965 s. 10)
(1) Subject to subsection (2), a person chargeable to tax under this Part may deduct the aggregate of approved charitable donations made by that person in the basis period for a year of assessment, if such aggregate is not less than $100, from what would otherwise have been the assessable profits of such person for that year of assessment.
(2) A person shall not be entitled under subsection (1) to deduct for any year of assessment-
(a) any sum which is allowable as a deduction under section 12(1)(c), 16, 16B or 16C;
(b) a sum in excess of 10% of such balance of that person's assessable profits after making any adjustment for the allowances and charges provided under Part VI.
(Added 7 of 1975 s. 10)