1964_INLAND_REVENUE_ORDINANCE — Page 16

1989 Ed.]

Inland Revenue

[CAP. 112

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(4) Notwithstanding anything contained in this section, Commissioner or any officer of the Inland Revenue Department authorized by the Commissioner in that behalf may communicate any matter which comes to his knowledge, including a copy of any return, accounts or other document submitted to him in connection with this Ordinance-

(a) to the Commissioner of Rating and Valuation, to the Collector of Stamp Revenue, or to the Estate Duty Commissioner, or (Amended 20 of 1948 s. 4)

(b) to the income tax authority of any part of the Commonwealth to such an extent as the Commissioner may deem necessary to enable the correct relief to be given from income tax in that part in respect of the payment of tax under this Ordinance, or (Amended 30 of 1950 Schedule; 9 of 1958 s. 3)

(c) to the Attorney General, or any public officer authorized by him, for the purpose of reporting under section 68(5) an appeal to the Board of Review. (Added 2 of 1971 s. 3)

(5) Notwithstanding anything contained in this section, the Commissioner may permit the Director of Audit or any officer of that department duly authorized by the Director of Audit in that behalf to have such access to any records or documents as may be necessary for the performance of his official duties. The Director of Audit or any officer so authorized shall be deemed to be a person employed in carrying out the provisions of this Ordinance for the purpose of subsection (2).

(6) Notwithstanding anything contained in this section, where the Commissioner is of the opinion that any tax deemed to be in default under the provisions of section 71(1) has for the time being become irrecoverable, he may communicate to the Financial Secretary the names and descriptions of the persons charged with such tax together with particulars of the tax in default. (Added 9 of 1958 s. 3)

PART II

PROPERTY TAX

(Amended 9 of 1958 s. 3)

5. Charge of property tax

(1) Property tax shall, subject to the provisions of this Ordinance, be charged for each year of assessment on every person being the owner of any land or buildings or land and buildings wherever situate in Hong Kong and shall be computed at the standard rate on the net assessable value of such land or buildings or land and buildings for each such year. (Amended 76 of 1975 s. 3; 8 of 1983 s. 4; 7 of 1986 s. 12)

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