CO129-586-9 War Taxation 24-7-1940 - 28-5-1941 — Page 24

L.S.

HONG KONG.

No. 29 OF 1940.

I assent.

E. F. NORTON,

Officer Administering the Government.

13th September, 1940.

An Ordinance to amend further the War Revenue Ordinance,

1940.

[13th September, 1940.]

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 Short title. (No. 2) Amendment Ordinance, 1940.

2. Section 8 of the War Revenue Ordinance, 1940, Amendment

ance No.

(hereinafter referred to as the principal Ordinance) is of Ordin- amended by the addition of the following paragraph at the 13 of 1940, end of the proviso of exemptions thereto :-

(v) any income exempted by order of the Governor in Council under section 62.

s. 8.

3. Section 10 of the principal Ordinance is repealed and Substitution the following section is substituted therefor :-

for Ordin- ance No.

13 of 1940, s. 10.

assessable

10.—(1) The assessable income chargeable to salaries Ascertain- tax for any year of assessment shall be computed, where ment of practicable, on the income of the recipient as defined in income. 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;

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