Hong Kong Ordinances

INLAND REVENUE ORDINANCE - SECT 16C

Payments for technical education

(Past version on 30/06/1997).

(1) Notwithstanding anything in section 17, where a person carrying on a
trade, profession or business in Hong Kong makes any payment to be used for
the purposes of technical education related to that trade, profession or
business at any university, university college, technical college or other
similar institution which is approved in writing for the purposes of this
section by the Commissioner (being an amount which is not otherwise allowable
as a deduction under this Ordinance), the payment shall be deducted as an
expense in ascertaining the profits from that trade, profession or business
for the year of assessment in the basis  period of which the payment was made.
(Amended 7 of 1986 s. 12; 24 of 1996 s. 6)

(2) For the purposes of this section, technical education shall be deemed to
be related to a trade, profession or business, if, and only if, it is
technical education of a kind specially requisite for persons employed in the
class of trade, profession or business to which that trade, profession or
business belongs.

(3) An approval for the purposes of subsection (1) may-

   (a)  operate as from a date, whether before or after the date of approval,
        specified in the instrument of approval; and

   (b)  be withdrawn at any time. (Added 35 of 1965 s. 10. Amended 32 of 1998
        s. 8)