1950_INLAND_REVENUE_ORDINANCE — Page 1

HK Historical Laws 香港歷史法例 All AI Reviewed

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Inland Revenue.

CHAPTER 112.

THE INLAND REVENUE ORDINANCE.

ARRANGEMENT OF SECTIONS.

Section

1. Short title

2. Interpretation

PART I. INTRODUCTORY.

3. Board of Inland Revenue...

4. Official secrecy

PART II-PROPERTY TAX.

5. Imposition of property tax

6. By whom payable

7. Refund in case of unoccupied property

PART III-SALARIES AND ANNUITIES TAX.

8. Imposition of salaries and annuities tax

9. Definition of income from employment

10. Aggregation of married persons' incomes

11. Ascertainment of assessable income

Allowances

12.

13. Rates of salaries and annuities tax

PART IV.-PROFITS TAX.

Treatment of losses

14. Imposition of corporation profits tax

15. Imposition of business profits tax

16. Ascertainment of profits

17.

Deductions not allowed

18. Basis for computing profits

19.

...

20. Liability of certain non-resident persons

21. Profits of certain businesses to be computed on a percentage of the turnover

22. Assessment of partnerships

23.

24. Clubs, trade associations, etc.

Ascertainment of profits of insurance companies

...

25. Deduction of property tax from profits tax

26. Certain dividends excluded from assessment of profits

27. Deduction of tax from dividends of corporations

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Inland Revenue. CHAPTER 112. THE INLAND REVENUE ORDINANCE. ARRANGEMENT OF SECTIONS. Section 1. Short title 2. Interpretation PART I. INTRODUCTORY. 3. Board of Inland Revenue... 4. Official secrecy PART II-PROPERTY TAX. 5. Imposition of property tax 6. By whom payable 7. Refund in case of unoccupied property PART III-SALARIES AND ANNUITIES TAX. 8. Imposition of salaries and annuities tax 9. Definition of income from employment 10. Aggregation of married persons' incomes 11. Ascertainment of assessable income Allowances 12. 13. Rates of salaries and annuities tax PART IV.-PROFITS TAX. Treatment of losses 14. Imposition of corporation profits tax 15. Imposition of business profits tax 16. Ascertainment of profits 17. Deductions not allowed 18. Basis for computing profits 19. ... 20. Liability of certain non-resident persons 21. Profits of certain businesses to be computed on a percentage of the turnover 22. Assessment of partnerships 23. 24. Clubs, trade associations, etc. Ascertainment of profits of insurance companies ... 25. Deduction of property tax from profits tax 26. Certain dividends excluded from assessment of profits 27. Deduction of tax from dividends of corporations Page 293 Page 296 Page 296 Page 299 Page 299 Page 301 Page 302 Page 302 Page 302 Page 303 Page 304 Page 304 Page 305 Page 305 Page 306 Page 306 Page 307 Page 307 Page 308 Page 309 Page 310 Page 310 Page 311 Page 312 Page 313 Page 314 Page 314

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Inland Revenue. CHAPTER 112. THE INLAND REVENUE ORDINANCE. ARRANGEMENT OF SECTIONS. Section 1. Short title 2. Interpretation PART I. INTRODUCTORY. 3. Board of Inland Revenue... 4. Official secrecy PART II-PROPERTY TAX. [CAP. 112 : : :: : : :: : : 5. Imposition of property tax 6. By whom payable 7. Refund in case of unoccupied property PART III-SALARIES AND ANNUITIES TAX. Page 296 296 299 299 301 302 302 8. Imposition of salaries and annuities tax *** . 9. Definition of income from employment 10. Aggregation of married persons' incomes 11. Ascertainment of assessable income Allowances 12. 13. Rates of salaries and annuities tax PART IV.-PROFITS TAX. Treatment of losses 14. Imposition of corporation profits tax 15. Imposition of business profits tax 16. Ascertainment of profits 17. Deductions not allowed 18. Basis for computing profits 19. ... 20. Liability of certain non-resident persons :: : :: : :: 302 303 304 304 305 305 306 306 307 307 308 309 310 21. Profits of certain businesses to be computed on a percentage of the turnover -- *** 310 23. 22. Assessment of partnerships 24. Clubs, trade associations, etc. 311 Ascertainment of profits of insurance companies ... 25. Deduction of property tax from profits tax 26. Certain dividends excluded from assessment of profits 312 313 314 314 27. Deduction of tax from dividends of corporations : 314 293

2026-05-03 21:34:59 · Baseline

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Inland Revenue.

CHAPTER 112.

THE INLAND REVENUE ORDINANCE.

ARRANGEMENT OF SECTIONS.

Section

1. Short title

2. Interpretation

PART I. INTRODUCTORY.

3. Board of Inland Revenue...

4. Official secrecy

PART II-PROPERTY TAX.

[CAP. 112

5. Imposition of property tax

6. By whom payable

7. Refund in case of unoccupied property

PART III-SALARIES AND ANNUITIES TAX.

Page

296

299

301

302

8. Imposition of salaries and annuities tax

***

. 9. Definition of income from employment 10. Aggregation of married persons' incomes 11. Ascertainment of assessable income

Allowances

12.

13. Rates of salaries and annuities tax

PART IV.-PROFITS TAX.

Treatment of losses

14. Imposition of corporation profits tax

15. Imposition of business profits tax 16. Ascertainment of profits

17.

Deductions not allowed

18. Basis for computing profits

19.

...

20. Liability of certain non-resident persons

302

303

304

305

306

307

308

309

310

21. Profits of certain businesses to be computed on a percentage

of the turnover

***

310

23.

22. Assessment of partnerships

24. Clubs, trade associations, etc.

311

Ascertainment of profits of insurance companies

...

25. Deduction of property tax from profits tax

26.

Certain dividends excluded from assessment of profits

312

313

314

27. Deduction of tax from dividends of corporations

314

293

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