TNAG-0861-FCO40-1071-Legislation-for-shipping-and-port-control-in-Hong-Kong-1979 — Page 70

1

4

the highest rate 25 per cent which is levied on net

chargeable income over $40,000.

The amendments will apply for the year of

assessment 1978/79 (other than assessments of provisional

salaries tax for that year) and for all subsequent years

of assessment.