EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER
- CHAPTER 112AZ

EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER - LONG TITLE  
Empowering section VerDate:13/10/2007



(Cap 112, section 87)

[13 October 2007]

(L.N. 101 of 2007)



EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER - SECT 1
(Omitted as spent) VerDate:13/10/2007




(Omitted as spent)


EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER - SECT 2
Interpretation VerDate:13/10/2007



In this Order—
“International Finance Corporation” (國際金融公司) means the international 
organization of that name established in Washington, D.C. on 24 July 1956.
“International Finance Corporation” (國際金融公司)


EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER - SECT 3
Exemption from salaries tax VerDate:13/10/2007




(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.