1964_INLAND_REVENUE_ORDINANCE — Page 3

HK Historical Laws 香港歷史法例 All AI Reviewed
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CAP. 112]

Inland Revenue

[1989 Ed.

Section

11D. Receipt of income

12. Adjustments to assessable income

12A. Treatment of losses

12B. Ascertainment of net chargeable income

12BA. Charitable donation

13. Calculation of salaries tax

PART IV

PROFITS TAX

14. Charge of profits tax

15. Certain amounts deemed trading receipts

15A. Transfer of right to receive income

15B. (Repealed)

15C. Valuation of trading stock on cessation of business

15D. Post-cessation receipts and payments

16. Ascertainment of chargeable profits

16A. Special payment under an approved retirement scheme allowable as a deduction

16B. Expenditure on scientific research

16C. Payments for technical education

16D. Approved charitable donations

16E. Purchase and sale of patent rights, etc.

17. Deductions not allowed

18. Basis for computing profits

18A. Assessable profits for the year of assessment 1974/75

18B. Basis for computing assessable profit for years of assessment commencing on 1 April 1975

18C. Commencement of source of profits in years of assessment commencing on or after 1 April 1974

18D. Cessation of source of profits in years of assessment commencing on 1 April 1975

18E. Change of accounting date and apportionments

18F. Adjustment of assessable profits

19. Treatment of losses

19A. Computation of losses

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CAP. 112] Inland Revenue [1989 Ed. Section 11D. Receipt of income 12. Adjustments to assessable income 12A. Treatment of losses 12B. Ascertainment of net chargeable income 12BA. Charitable donation 13. Calculation of salaries tax PART IV PROFITS TAX 14. Charge of profits tax 15. Certain amounts deemed trading receipts 15A. Transfer of right to receive income 15B. (Repealed) 15C. Valuation of trading stock on cessation of business 15D. Post-cessation receipts and payments 16. Ascertainment of chargeable profits 16A. Special payment under an approved retirement scheme allowable as a deduction 16B. Expenditure on scientific research 16C. Payments for technical education 16D. Approved charitable donations 16E. Purchase and sale of patent rights, etc. 17. Deductions not allowed 18. Basis for computing profits 18A. Assessable profits for the year of assessment 1974/75 18B. Basis for computing assessable profit for years of assessment commencing on 1 April 1975 18C. Commencement of source of profits in years of assessment commencing on or after 1 April 1974 18D. Cessation of source of profits in years of assessment commencing on 1 April 1975 18E. Change of accounting date and apportionments 18F. Adjustment of assessable profits 19. Treatment of losses 19A. Computation of losses Page 29 31 31 32 33 34 34 36 39 39 40 40 40 45 46 48 48 49 49 50 52 53 53 54 57 58 58 59
Baseline (Original)
2 CAP. 112] Inland Revenue [1989 Ed. Section 11D. Receipt of income 12. Page 29 Adjustments to assessable income 12A. Treatment of losses 31 31 12B. Ascertainment of net chargeable income 32 12BA. Charitable donation 33 13. Calculation of salaries tax 34 PART IV PROFITS TAX 14. Charge of profits tax 15. Certain amounts deemed trading receipts 15A. Transfer of right to receive income 15B. (Repealed) 15C. Valuation of trading stock on cessation of business 15D. Post-cessation receipts and payments 16. Ascertainment of chargeable profits * * * 8 9 9 9 34 36 39 39 40 40 40 16A. Special payment under an approved retirement scheme allowable as a deduction 45 16B. Expenditure on scientific research 46 160. Payments for technical education 48 16D. Approved charitable donations 48 16E. Purchase and sale of patent rights, etc. 49 17. Deductions not allowed 49 18. Basis for computing profits 50 18A. Assessable profits for the year of assessment 1974/5 52 18B. Basis for computing assessable profit for years of assessment commencing on 1 April 1975 ..... 53 18C. Commencement of source of profits in years of assessment commencing on or after 1 April 1974. 53 18D. Cessation of source of profits in years of assessment commencing on 1 April 1975 18E. Change of accounting date and apportionments 18F. Adjustment of assessable profits 19. Treatment of losses 19A. Computation of losses * * * * A 54 57 58 58 59
2026-05-04 20:34:15 · Baseline
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2

CAP. 112]

Inland Revenue

[1989 Ed.

Section

11D.

Receipt of income

12.

Page

29

Adjustments to assessable income

12A. Treatment of losses

31

31

12B.

Ascertainment of net chargeable income

32

12BA. Charitable donation

33

13.

Calculation of salaries tax

34

PART IV

PROFITS TAX

14.

Charge of profits tax

15.

Certain amounts deemed trading receipts

15A.

Transfer of right to receive income

15B.

(Repealed)

15C.

Valuation of trading stock on cessation of business

15D.

Post-cessation receipts and payments

16.

Ascertainment of chargeable profits

* * * 8 9 9 9

34

36

39

39

40

40

40

16A.

Special payment under an approved retirement scheme allowable as a

deduction

45

16B.

Expenditure on scientific research

46

160.

Payments for technical education

48

16D.

Approved charitable donations

48

16E.

Purchase and sale of patent rights, etc.

49

17.

Deductions not allowed

49

18.

Basis for computing profits

50

18A.

Assessable profits for the year of assessment 1974/5

52

18B.

Basis for computing assessable profit for years of assessment commencing on

1 April 1975 .....

53

18C.

Commencement of source of profits in years of assessment commencing on or

after 1 April 1974.

53

18D.

Cessation of source of profits in years of assessment commencing on 1 April

1975

18E.

Change of accounting date and apportionments

18F.

Adjustment of assessable profits

19.

Treatment of losses

19A.

Computation of losses

* * * * A

54

57

58

58

59

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