Hong Kong Regulations

EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER - SECT 3

Exemption from salaries tax

(1) A Chinese national or Hong Kong permanent resident is exempt from the
payment of salaries tax chargeable under section 8 of the Ordinance in respect
of his income—

   (a)  arising in or derived from Hong Kong from—

        (i)    his holding an office in the International Finance Corporation;
               or

        (ii)   his employment with the International Finance Corporation; and

   (b)  paid by the International Finance Corporation.

(2) This section applies in relation to salaries tax chargeable for the year
of assessment commencing on 1 April 2007 and for all subsequent years of
assessment.