FRIDAY, MAY 12, 1989
10
MR FRANK PONG PAI. AGED 44, IS A DIRECTOR OF SHIV WING STEEL LIMITED. HE HAS SERVED ON THE SECURITIES COMMISSION FOR FOUR YEARS AND IS A MEMBER OF THE INLAND REVENUE BOARD OF REVIEW.
MR YAO KANG, AGED 64. IS THE CHAIRMAN OF THE TAIKOO ROYAL INSURANCE CO. LTD. HE IS THE DEPUTY CHAIRMAN OF THE COUNCIL OF THE HONG KONG ACADEMY FOR PERFORMING ARTS AND A MEMBER OF THE DEPORTATION TRIBUNAL AND THE HONG KONG EXPORT CREDIT INSURANCE CORPORATION ADVISORY BOARD.
0
BILL ON SEPARATE TAXATION OF MARRIED WOMEN GAZETTED
THE
REVENUE INLAND
(AMENDMENT) (NO. 3) BILL
WHICH 1989 MARRIED COUPLES WAS PROPOSES TO GRANT SEPARATE SALARIES TAXATION TO PUBLISHED IN THE GAZETTE TODAY (FRIDAY).
IN THE BILL, IF PASSED BY THE LEGISLATIVE COUNCIL, WILL RESULT
ASPECTS OF HUSBANDS AND WIVES BEING INDIVIDUALLY RESPONSIBLE FOR ALL THE ADMINISTRATION OF
PERSONAL TAXATION RESPONSIBILITIES, A
THEIR
GOVERNMENT SPOKESMAN SAID.
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"IN PARTICULAR, MARRIED WOMEN WILL BE PROVIDED WITH INDEPENDENT CONTROL OF THEIR TAXATION AFFAIRS, HE ADDED.
++
REQUIRES
JOINT
MAY
THE
TAX
THE SPOKESMAN POINTED OUT THAT THE EXISTING ORDINANCE
INCOMES INTO ONE MARRIED COUPLES TO AGGREGATE THEIR SEPARATE INCOME FOR COMPUTING THEIR SALARIES TAX LIABILITY, AND WHILE THEY ELECT TO BE SEPARATELY ASSESSED IN RESPECT OF THEIR OWN INCOMES, TAX PAYABLE BY EACH OF THEM REMAINS AN APPORTIONMENT OF THE TOTAL PAYABLE ON THE AGGREGATED INCOME.
BE
NOT BASIC
WIVES "UNDER SEPARATE TAXATION, WORKING HUSBANDS AND
WILL PROVIDED THAT THEY ARE SEPARATELY CHARGED TO SALARIES TAX AND,
EACH WILL RECEIVE A ASSESSABLE AT THE STANDARD RATE OF TAX, ALLOWANCE.
"IN
INCOME SINGLE
AS AT WILL, IN ADDITION,
FAMILIES, THE SOLE-EARNER PRESENT, RECEIVE A MARRIED TAXPAYER ALLOWANCE. TAXPAYERS WILL CONTINUE TO BE ENTITLED TO CLAIM ALLOWANCES IN RESPECT OF THEIR CHIDREN AND DEPENDENT PARENTS, THE SPOKESMAN SAID.
T1
WIVES
ARE
**IN RESPECT OF CHILD ALLOWANCE, HUSBANDS AND REQUIRED TO NOMINATE WHICH OF THEM WILL CLAIM THEIR FAMILY'S ENTITLEMENT TO THE ALLOWANCE FOR ALL OF THEIR CHILDREN.
"HOWEVER, FOR DEPENDENT PARENT ALLOWANCE, HUSBANDS AND WIVES WILL CONTINUE TO DECIDE, ON AN INDIVIDUAL PARENT BASIS, WHICH OF WILL CLAIM THE ALLOWANCE IN RESPECT OF EACH ELIGIBLE DEPENDENT AND/OR DEPENDENT PARENT-IN-LAW," HE ADDED.
THEM
PARENT
/IN CASES
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