1950-HKRS28-8-17_Part03 — Page 33

First COLUMN,

(1) Section 2.

(2) Section 4-

(3) Section 5.

(4) Section 7-

2

SCHEDULE.

SECOND COLUMN.

(1) Section 2 is amended-

(a) by the deletion of the expression 'British Empire" and the definition thereof (as enacted by Ordinance No. 3 of 1949) and the substitu- tion therefor of the following--

****Commonwealth', has the meaning attri- buted thereto by section 3 of the Inter- pretation Ordinance, 1950;"

T

(0) by the insertion after the definition of the expression "receiver" of the expression and definition following-

* "standard rate" means the rate specified

in the First Schedule ;""

(e) by the repeal of the definition of the expression "year of assessment" and the substitution therefor of the following-

'year of assessment" means the period of twelve months commencing on the 1st day of April in any year;".

(2) Section 4 is amended by the deletion in paragraph (b) of subsection (4) of the words "His Majesty's dominions or of any place under His Majesty's protection or suzerainty" and the substitution therefor of the following-

**the Commonwealth''

and by the deletion in the fifth line of such para- graph of the words "or place".

(3) Section 5 (as enacted by Ordinance No. 10 of 1950)

is repealed.

(4) Section 7 is amended-

(a) by the deletion of the word "assessed" in the

third line thereof;

(b) by the repeal of the sentence commencing "Where such payment" in the eighth line and continuing to the end of the section.

FIRST COLUMN,

(s) Section g.

(6) Section 12.

(7) Section 14.

P

SECOND COLUMN.

(s) Section 9 is amended-

(a) by the insertion in the second line of proviso (iii) after the words "other than a pension" of the following-

"or annuity'';

(b) by the deletion in the second and third lines of proviso (iv) of the words "United Kingdom of Great Britain and Northern Ireland, His Majesty's Dominions and India" and the substitution therefor of the following-

"Members of the Commonwealth".

(6) Section 12 is amended by the repeal of the proviso

to subsection (1).

(7) Section 14 as enacted by Ordinance No. 10 of

1950 is repealed and replaced by the following

"14. Salaries and Annuities Tax shall be charged for each year of assessment upon the net chargeable income for that year calculated as provided by sections 10 to 13 at the rates specified in the Second Schedule: Provided that-

(a) where a person is liable to tax under this Chapter for a part only of any year of assessment, the provisions of the Second Schedule shall be modified in manner specified therein; and

(b) in no case shall the amount of Salaries and Annuities Tax char- geable on any person exceed the amount which would have been chargeable on him had the standard rate of tax been charged on the whole of his income chargeable to Salaries and An- nuities Tax before deducting the allowances provided in section

£3,"