|112K||Title:||EXEMPTION FROM SALARIES TAX (MONETARY AUTHORITY) ORDER||Gazette Number:|
|Section:||1||Heading:||Exemption from salaries tax||Version Date:||30/06/1997|
(1) The person for the time being appointed as the Monetary Authority under section 5A(1) of the Exchange Fund Ordinance (Cap 66) and any person appointed under section 5A(3) of that Ordinance, being recipients of any benefit granted under any provident fund scheme to which the Monetary Authority is a party, shall be exempt from the payment of salaries tax chargeable in respect of the whole of that benefit for any year of assessment under section 8 of the Ordinance, subject to the conditions specified in subsection (3) being satisfied as regards that benefit.
(2) This section shall apply to the years of assessment since, and including the year of assessment commencing on, 1 April 1993.
(3) The conditions referred to in subsection (1) are that-