WEDNESDAY, OCTOBER 3, 1984
+ONCE AN INSTITUTION IS GRANTED TAX EXEMPTION, A CERTIFICATE -ILL BE ISSUED BY THE COMMISSIONER OF INLAND REVENUE, AND ITS
HAME WILL BE PLACED IN THE LIST OF APPROVED CHARITABLE INSTITUTIONS AND TRUSTS OF A PUBLIC CHARACTER PUBLISHED ANNUALLY IN THE GOVERNMENT GAZETTE, SHE SAID.
MRS LEE EXPLAINED THAT THIS IS FOR THE INFORMATION OF THE PUBLIC WHO MIGHT WISH TO KNOW IF A DONATION MADE TO AN INSTITUTION IS TAX-DEDUCTIBLE.
+AN INDIVIDUAL WHO DONATES MONEY TO AN APPROVED CHARITABLE INSTITUTION, OR DIRECTLY TO ANY OF ITS CHARITABLE PROJECTS, IS GRANTED RELIEF FROM SALARIES TAX, PROFITS TAX OR PERSONAL ASSESSMENT UNDER THE INLAND REVENUE ORDINANCE, SHE EXPLAINED.
+BUT THE AGGREGATE DONATION MUST BE MORE THAN $100 AND THE DEDUCTION IS RESTRICTED TO 10 PER CENT OF THE ASSESSABLE INCOME OR PROFITS FOR A PARTICULAR YEAR OF ASSESSMENT.
+TO CLAIM DEDUCTION, ORIGINAL RECEIPTS OR LETTERS FROM THE CHARITIES MUST BE ATTACHED WHEN FILING RETURNS FOR THE RELEVANT YEAR OF ASSESSMENT, SHE SAID.
DISTRICT BOARDS TO DISCUSS WHITE PAPER
***
MEMBERS OF THREE DISTRICT BOARDS WILL BE DISCUSSING THE WHITE PAPER ON THE FUTURE OF HONG KONG AT SEPARATE MEETINGS TOMORROW (THURSDAY).
CENTRAL AND WESTERN IS THE FIRST DISTRICT BOARD TO TABLE THE WHITE PAPER FOR DISCUSSION AT ITS REGULAR MEETING. WHILE THE KWUN TONG AND TAI PO DISTRICT BOARDS HAVE CALLED SPECIAL MEETINGS TO DISCUSS THE DOCUMENT.
MEANWHILE, THE NORTH DISTRICT BOARD HAS ALSO CALLED FOR A SPECIAL MEETING ON MONDAY (OCTOBER 8) TO DISCUSS THE WHITE PAPER.
NOTE TO EDITORS:
YOU ARE INVITED TO COVER ALL FOUR DISTRICT BOARD MEETINGS.
THE CENTRAL AND WESTERN DISTRICT BOARD MEETING WILL BE HELD AT 2.30 PM TOMORROW (THURSDAY) IN THE CONFERENCE ROOM OF THE DISTRICT OFFICE ON THE 3RD FLOOR OF WILLIE BUILDING, 222-224 DES VOEUX ROAD, CENTRAL.
THE KYUN