Cap 112AZ s 3 Exemption from salaries tax (EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER; INLAND REVENUE ORDINANCE)

Contents of Section

Chapter:	112AZ	Title:	EXEMPTION FROM SALARIES TAX (INTERNATIONAL FINANCE CORPORATION) ORDER	Gazette Number:	L.N. 101 of 2007
Section:	3	Heading:	Exemption from salaries tax	Version Date:	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.