TNAG-1774-FCO40-2526-Hong-Kong-Business-Registration-(Amendment)-Ordinance-1987-(-1988 — Page 22

A132

Ord. No. 28/87

INLAND REVENUE (AMENDMENT)

(b) in paragraph (d)—

(i) by inserting after "1984 and all subsequent years of assessment" the following--

"up to and including the year of assessment commencing on 1 April 1986";

(ii) by deleting the full stop and substituting the following— "; and"; and

(c) by inserting after paragraph (d) the following-

Amendment of First Schedule.

8.

Amendment of Second Schedule.

"(e) for the year of assessment commencing on 1 April 1987 and all subsequent years of assessment, at the rate of 18 per cent.".

The First Schedule to the principal Ordinance is amended (a) in the fourth paragraph by deleting "year of assessment 1984-85

and until superseded" and substituting the following-

"years of assessment 1984-85 to 1986-87 inclusive";

(b) inserting after the fourth paragraph the following-

"For the year of assessment 1987/88 and until superseded

-16 per cent.".

9. The Second Schedule to the principal Ordinance is amended- (a) by deleting "For the year of assessment 1985/86 and each year

thereafter" and substituting the following-

"For the years of assessment 1985/86 to 1986/87 inclusive"; and

(b) by inserting at the end thereof the following-

"For the year of assessment 1987/88 and each year thereafter-

SECOND COlumn

THIRD COLUMN

(a) Upon the first $10,000

5 per cent

(b) Upon the next $10,000

10 per cent

(c) Upon the next $20,000

15 per cent

(d) Upon the next $20,000

20 per cent

(e) Upon the remainder

25 per cent,

**

Amendment of

10.

The Fourth Schedule to the principal Ordinance is amended-

Fourth

(a)

Schedule.

in Part 1 by-

(i) deleting "year of assessment 1979/80 and subsequent years

of assessment" and substituting the following-

"years of assessment 1979/80 to 1986/87 inclusive”; and

(ii) inserting at the end the following-

"For the year of assessment 1987/88

and subsequent years of assessment and

-10 per cent";