1964_INLAND_REVENUE_ORDINANCE — Page 13

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CAP. 112]

Inland Revenue

[1989 Ed.

(a) on retirement, or in anticipation of retirement, or, in connection with previous employment, after retirement; or

(b) on or in anticipation of or in connection with any change in the nature of the employment of any person,

and includes any pension, annuity, lump sum, gratuity or other like benefit which is to be afforded by reason of the death or disability of a person occurring during his employment, where such pension, annuity, lump sum or gratuity is calculated by having regard to the period of such service; (Added 7 of 1986 s. 2)

"standard rate" means the rate specified in Schedule 1;

(Added 30 of 1950 Schedule) "tax" except for the purposes of Parts XII and XIII, means any tax imposed by this Ordinance (including provisional salaries tax charged under Part XA, provisional profits tax charged under Part XB and provisional property tax charged under Part XC) other than additional tax, but for the purposes of Parts XII and XIII "tax" includes additional tax; (Replaced 26 of 1969 s. 3. Amended 8 of 1973 s. 2; 7 of 1975 s. 2; 8 of 1983 s. 2)

"trade" includes every trade and manufacture, and every adventure and concern in the nature of trade;

"trustee" includes any trustee, guardian, curator, manager, or other person having the direction, control, or management of any property on behalf of any person, but does not include an executor;

"wife" means the lawful wife of any person married to him by a Christian marriage or its civil equivalent, or in the case of a Chinese or any other Asiatic the principal spouse; (Added 36 of 1955 s. 3)

"wife living apart from her husband" means-

(a) a wife who is living apart from her husband-

(i) under a decree or order of a competent court within or outside Hong Kong;

(ii) under a duly executed deed of separation; or

(iii) in such circumstances that in the opinion of the Commissioner the separation is likely to be permanent; or

(b) a wife who is a permanent resident as defined in section 41, but whose husband is neither such a permanent resident nor a temporary resident as defined by section 41; (Replaced 26 of 1969 s. 3)

"year of assessment" means the period of 12 months commencing on 1 April in any year; (Replaced 30 of 1950 Schedule)

"year preceding a year of assessment" means the period of 12 months ending on 31 March immediately prior to such year of assessment.

(Amended 36 of 1955 s. 3; 9 of 1958 s. 2; 26 of 1969 s. 3; 7 of 1986 s. 12)

(2) For the purposes of the definition of "financial institution" in subsection (1)

43/8952.

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