TNAG-1774-FCO40-2526-Hong-Kong-Business-Registration-(Amendment)-Ordinance-1987-(-1988 — Page 23

INLAND REVENUE (AMENDMENT)

(b) in Part 2 by-

Ord. No. 28/87

A133

(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

-10 per cent".

11. For the purpose of calculating net chargeable income under Transitional. section 63C(1) of the principal Ordinance in order to ascertain provisional salaries tax for the year of assessment commencing on 1 April 1987 the references in sections 12B(1)(b) and (2)(b) of the principal Ordinance to section 42B(1) shall be read as if they referred to section 42B(1) as amended by this Ordinance.

1987.

Passed by the Hong Kong Legislative Council this 27th day of May

LAW Kam-sang,

Clerk to the Legislative Council.

This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.

LAW Kam-sang,

Clerk to the Legislative Council.