TAX EXEMPTION (2001 TAX YEAR) ORDER
- CHAPTER 112AI

TAX EXEMPTION (2001 TAX YEAR) ORDER - LONG TITLE  
Empowering section VerDate:23/05/2003



(Cap 112, section 87)

[23 May 2003]

(L.N. 133 of 2003)



TAX EXEMPTION (2001 TAX YEAR) ORDER - SECT 1
Interpretation VerDate:23/05/2003



In this Order-
"appropriate proportion" (適當份額), in relation to a person who has together 
with his or her spouse elected under section 41(1A) of the Ordinance to be 
assessed under Part VII of the Ordinance for the 2001 tax year, means the 
proportion in which the amount of the tax chargeable on the person and his 
or her spouse under section 43 of the Ordinance for that tax year is 
chargeable on the person under that section 43;
"2001 tax year" (2001 課稅年度) means the year of assessment commencing on 1 
April 2001.
"appropriate proportion" (適當份額)
"2001 tax year" (2001 課稅年度)


TAX EXEMPTION (2001 TAX YEAR) ORDER - SECT 2
Exemption from tax VerDate:23/05/2003




(1)	Subject to subsection (2), any person who is chargeable to tax 
under Part III of the Ordinance for the 2001 tax year shall be exempt from 
the payment of an amount equivalent to-

        (a)	50% of the amount of the tax to which he is so chargeable; or

        (b)	$3000,
whichever is the less.

(2) Any person who is chargeable to tax under Part VII of the Ordinance 
for the 2001 tax year shall be exempt from the payment of an amount 
equivalent to-

        (a)	subject to paragraph (b)-

        (i)	50% of the amount of the tax chargeable on the person under 
section 43 of the Ordinance for that tax year; or

        (ii)	$3000,
whichever is the less; or

        (b)	where the person and his or her spouse have elected under 
section 41(1A) of the Ordinance to be assessed under Part VII of the 
Ordinance for that tax year, the appropriate proportion of-

        (i)	50% of the amount of the tax chargeable on the person and his 
or her spouse under section 43 of the Ordinance for that tax year; or

        (ii)	$3000,
whichever is the less.