1989 Ed.]
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(b) any person in Hong Kong through whom such person or partnership is in receipt of any profits or income arising in or derived from Hong Kong; "approved charitable donation" means a donation of money to any charitable institution or trust of a public character which is exempt from tax under section 88 or to the Government, or the Urban Council, for charitable purposes; (Replaced 13 of 1971 s. 2. Amended 76 of 1975 s. 2; 74 of 1981 s. 4) "approved retirement scheme" means a retirement scheme or part thereof approved for the time being by the Commissioner under section 87A; (Added 49 of 1956 s. 3. Amended 7 of 1986 s. 2)
"assessable income" means the assessable income of a person in any year of assessment as ascertained in accordance with sections 11B, 11C and 11D; and "net assessable income" means assessable income as adjusted in accordance with section 12; (Replaced 71 of 1983 s. 2)
"assessable profits" means the profits in respect of which a person is chargeable to tax for the basis period for any year of assessment, calculated in accordance with the provisions of Part IV; (Replaced 28 of 1964 s. 2) “assessor” means an assessor appointed under this Ordinance; "assistant commissioner” means an assistant commissioner of Inland Revenue appointed under this Ordinance;
“authorized representative" means a person authorized in writing by any other person to act on his behalf for the purposes of this Ordinance; (Replaced 7 of 1975 s. 2)
"basis period" for any year of assessment is the period on the income or the profits of which tax for that year ultimately falls to be computed; (Amended 36 of 1955 s. 3)
"bill of sale" means a bill of sale registrable under the Bills of Sale Ordinance (Cap. 20);
"body of persons" means any body politic, corporate or collegiate and any company, fraternity, fellowship and society of persons whether corporate or not corporate; (Added 36 of 1955 s. 3)
"business" includes agricultural undertaking, poultry and pig rearing and the letting or sub-letting by any corporation to any person of any premises or portion thereof, and the sub-letting by any other person of any premises or portion of any premises held by him under a lease or tenancy other than from the Crown; (Replaced 35 of 1965 s. 2)
"certificate of deposit" means a document relating to money, in any currency, which has been deposited with the issuer or some other person, being a document which recognizes an obligation to pay a stated amount to bearer or to order, with or without interest, and being a document by the delivery of which, with or without endorsement, the right to receive that stated amount, with or without interest, is transferable; (Added 30 of 1981 s. 2)
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CAP. 112]
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1989 Ed.]
Inland Revenue
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(b) any person in Hong Kong through whom such person or partnership is in receipt of any profits or income arising in or derived from Hong Kong; "approved charitable donation" means a donation of money to any charitable institution or trust of a public character which is exempt from tax under section 88 or to the Government, or the Urban Council, for charitable purposes; (Replaced 13 of 1971 s. 2. Amended 76 of 1975 s. 2; 74 of 1981 s. 4) "approved retirement scheme" means a retirement scheme or part thereof approved for the time being by the Commissioner under section 87A; (Added 49 of 1956 s. 3. Amended 7 of 1986 s. 2)
"assessable income" means the assessable income of a person in any year of
assessment as ascertained in accordance with sections 11B, 11C and 11D; and "net assessable income" means assessable income as adjusted in accordance with section 12, (Replaced 71 of 1983 s. 2)
"assessable profits" means the profits in respect of which a person is chargeable to tax for the basis period for any year of assessment, calculated in accordance with the provisions of Part IV; (Replaced 28 of 1964 s. 2) “assessor” means an assessor appointed under this Ordinance; "assistant commissioner” means an assistant commissioner of Inland Revenue
appointed under this Ordinance;
“authorized representative" means a person authorized in writing by any other person to act on his behalf for the purposes of this Ordinance; (Replaced 7 of 1975 s. 2)
"basis period" for any year of assessment is the period on the income or the profits of which tax for that year ultimately falls to be computed; (Amended 36 of 1955 s. 3)
"bill of sale" means a bill of sale registrable under the Bills of Sale Ordinance
(Cap. 20);
"body of persons" means any body politic, corporate or collegiate and any company, fraternity, fellowship and society of persons whether corporate or not corporate; (Added 36 of 1955 s. 3)
"business" includes agricultural undertaking, poultry and pig rearing and the letting or sub-letting by any corporation to any person of any premises or portion thereof, and the sub-letting by any other person of any premises or portion of any premises held by him under a lease or tenancy other than from the Crown; (Replaced 35 of 1965 s. 2)
"certificate of deposit" means a document relating to money, in any currency, which has been deposited with the issuer or some other person, being a document which recognizes an obligation to pay a stated amount to bearer or to order, with or without interest, and being a document by the delivery of which, with or without endorsement, the right to receive that stated amount, with or without interest, is transferable; (Added 30 of 1981 s. 2)
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