Chapter Number and Title of Enactment

Chapter:

112Title:Inland Revenue Ordinance
Download CAP 112 Inland Revenue Ordinance [format: PDF].

: If this pencil mark appears at the beginning of a provision, that provision is subject to amendments that are already in operation but have not yet been incorporated in its text.

Table of contents of enactment:
Cap 112 Long title
Cap 112 Part 1Introductory
Cap 112 s 1Short title
Cap 112 s 2Interpretation
Cap 112 s 3Establishment of Board of Inland Revenue. Power of Chief Executive to appoint a Commissioner and other officers
Cap 112 s 3AExercise of powers and duties
Cap 112 s 4Official secrecy
Cap 112 Part 2Property Tax
Cap 112 s 5Charge of property tax
Cap 112 s 5A(Repealed 56 of 1993 s. 3)
Cap 112 s 5BAscertainment of assessable value on or after 1 April 1983
Cap 112 s 6(Repealed 8 of 1983 s. 7)
Cap 112 s 7(Repealed 56 of 1993 s. 5)
Cap 112 s 7AInterpretation
Cap 112 s 7B(Repealed 56 of 1993 s. 7)
Cap 112 s 7CBad debts
Cap 112 Part 3Salaries Tax*
Cap 112 s 8Charge of salaries tax
Cap 112 s 9Definition of income from employment
Cap 112 s 9ARemuneration under certain agreements treated as being income derived from an employment of profit
Cap 112 s 10Salaries tax on spouses to be paid separately unless they elect to be jointly assessed
Cap 112 s 11The time and manner in which an election or the withdrawal of an election for joint assessment is to be made
Cap 112 s 11A(Repealed 71 of 1983 s. 4)
Cap 112 s 11BAscertainment of assessable income
Cap 112 s 11COffice or employment of profit
Cap 112 s 11DReceipt of income
Cap 112 s 12Adjustments to assessable income
Cap 112 s 12ATreatment of losses
Cap 112 s 12BAscertainment of net chargeable income
Cap 112 s 12BA(Repealed 31 of 1998 s. 6)
Cap 112 s 13Calculation of salaries tax
Cap 112 Part 4Profits Tax
Cap 112 s 14Charge of profits tax
Cap 112 s 14AQualifying debt instruments
Cap 112 s 14BQualifying reinsurance business
Cap 112 s 15Certain amounts deemed trading receipts
Cap 112 s 15ATransfer of right to receive income
Cap 112 s 15B(Repealed 71 of 1983 s. 13)
Cap 112 s 15CValuation of trading stock on cessation of business
Cap 112 s 15DPost-cessation receipts and payments
Cap 112 s 15EStock borrowing and lending
Cap 112 s 16Ascertainment of chargeable profits
Cap 112 s 16ASpecial payment under an approved retirement scheme allowable as a deduction
Cap 112 s 16AAMandatory contributions in self-employment cases allowable as a deduction
Cap 112 s 16BExpenditure on research and development
Cap 112 s 16CPayments for technical education
Cap 112 s 16DApproved charitable donations (Part 4)*
Cap 112 s 16EPurchase and sale of patent rights, etc.
Cap 112 s 16EAPurchase of specified intellectual property rights
Cap 112 s 16EBProceeds of sale of specified intellectual property rights to be treated as trading receipts
Cap 112 s 16ECDeduction under section 16E or 16EA not allowable under certain circumstances
Cap 112 s 16FExpenditure on building refurbishment
Cap 112 s 16GCapital expenditure on the provision of a prescribed fixed asset
Cap 112 s 16HDefinitions and general provisions applicable to this section and sections 16I, 16J and 16K
Cap 112 s 16IDeductions for specified capital expenditure incurred in relation to environmental protection facilities
Cap 112 s 16JProceeds of sale of environmental protection facilities to be treated as trading receipts
Cap 112 s 16KEnvironmental protection facilities owned as at commencement date
Cap 112 s 17Deductions not allowed
Cap 112 s 18Basis for computing profits
Cap 112 s 18AAssessable profits for the year of assessment 1974/5
Cap 112 s 18BBasis for computing assessable profit for years of assessment commencing on 1 April 1975
Cap 112 s 18CCommencement of source of profits in years of assessment commencing on or after 1 April 1974
Cap 112 s 18DCessation of source of profits in years of assessment commencing on 1 April 1975
Cap 112 s 18EChange of accounting date and apportionments
Cap 112 s 18FAdjustment of assessable profits
Cap 112 s 19Treatment of losses
Cap 112 s 19A(Repealed 56 of 1993 s. 14)
Cap 112 s 19B(Repealed 56 of 1993 s. 15)
Cap 112 s 19CTreatment of losses after 1 April 1975
Cap 112 s 19CATreatment of losses: concessionary trading receipts
Cap 112 s 19CBSet off: concessionary trading receipts
Cap 112 s 19DComputation of losses after 1 April 1975
Cap 112 s 19EAdjustment of losses
Cap 112 s 20Liability of certain non-resident persons
Cap 112 s 20APersons chargeable on behalf of a non-resident
Cap 112 s 20AAPersons not treated as agents
Cap 112 s 20ABInterpretation of sections 20AC, 20AD and 20AE and Schedule 15
Cap 112 s 20ACCertain profits of non-resident persons exempt from tax
Cap 112 s 20ADLoss from transactions referred to in section 20AC(1) not available for set off
Cap 112 s 20AEAssessable profits of non-resident persons regarded as assessable profits of resident persons
Cap 112 s 20BPersons chargeable in respect of certain profits of a non-resident
Cap 112 s 21Assessable profits of certain businesses to be computed on a percentage of the turnover
Cap 112 s 21AComputation of assessable profits from cinematograph films, patents, trade marks, etc.*
Cap 112 s 21BTransitional
Cap 112 s 22Assessment of partnerships
Cap 112 s 22AAscertainment of share of partnership profits or losses
Cap 112 s 22BLimited partner loss relief
Cap 112 s 22CTransitional: partnerships consisting of more than 20 members
Cap 112 s 23Ascertainment of assessable profits of life insurance corporations
Cap 112 s 23AAscertainment of assessable profits of insurance corporations other than life insurance corporations
Cap 112 s 23AAMutual insurance corporations
Cap 112 s 23BAscertainment of the assessable profits of a ship-owner carrying on business in Hong Kong
Cap 112 s 23CAscertainment of the assessable profits of a resident aircraft-owner
Cap 112 s 23DAscertainment of the assessable profits of a non-resident aircraft-owner
Cap 112 s 23EAlternative computation of "total shipping profits" and "total aircraft profits"
Cap 112 s 24Clubs, trade associations, etc.
Cap 112 s 25Deduction of property tax from profits tax
Cap 112 s 26Exclusion of certain dividends and profits from the assessable profits of other persons
Cap 112 s 26AExclusion of certain profits from tax
Cap 112 Part 4AConcessionary Deductions
Cap 112 s 26BConcessionary deductions, general provisions
Cap 112 s 26CApproved charitable donations (Part 4A)*
Cap 112 s 26DElderly residential care expenses
Cap 112 s 26EHome loan interest
Cap 112 s 26FNomination for purposes of section 26E
Cap 112 s 26GContributions to recognized retirement schemes
Cap 112 Part 5Allowances
Cap 112 s 27Allowances, general provisions
Cap 112 s 28Basic allowance
Cap 112 s 29Married person's allowance
Cap 112 s 30Dependent parent allowance
Cap 112 s 30ADependent grandparent allowance
Cap 112 s 30BDependent brother or dependent sister allowance
Cap 112 s 31Child allowance
Cap 112 s 31ADisabled dependant allowance
Cap 112 s 32Single parent allowance
Cap 112 s 33Provisions supplementary to sections 30, 30A, 30B, 31 and 31A
Cap 112 Part 6Depreciation, etc.
Cap 112 s 33AAnnual allowances, commercial buildings and structures
Cap 112 s 33B(Repealed 12 of 2004 s. 10)
Cap 112 s 34Initial and annual allowances, industrial buildings and structures
Cap 112 s 35Balancing allowances and charges, buildings and structures
Cap 112 s 35ASpecial provisions on termination of leasehold interest
Cap 112 s 35BBuildings and structures bought unused
Cap 112 s 36Rebuilding allowance for a commercial building or structure up to and including the year of assessment commencing on 1 April 1997
Cap 112 s 36AApplication of provisions to machinery or plant
Cap 112 s 37Initial and annual allowances, machinery or plant
Cap 112 s 37AInitial and annual allowances in respect of machinery and plant acquired under hire purchase agreement
Cap 112 s 38Balancing allowances and charges, machinery or plant
Cap 112 s 38ADetermination of cost of individual assets sold together for one price
Cap 112 s 38BCommissioner's power to determine the true value of an asset on sale
Cap 112 s 38C(Repealed 19 of 1996 s. 9)
Cap 112 s 39Replacement of machinery or plant
Cap 112 s 39AReduction of allowances not to affect calculation of subsequent allowances
Cap 112 s 39BInitial and annual allowances on machinery or plant under the pooling system
Cap 112 s 39CPooling system when not to apply
Cap 112 s 39DBalancing allowances and charges under the pooling system
Cap 112 s 39EAllowances under this Part in respect of capital expenditure on leased machinery and plant
Cap 112 s 40Interpretation
Cap 112 s 40A(Repealed 56 of 1993 s. 19)
Cap 112 Part 7Personal Assessment
Cap 112 s 40BInterpretation
Cap 112 s 41Election for personal assessment
Cap 112 s 42Calculation of total income
Cap 112 s 42AAssessment to tax
Cap 112 s 42B(Repealed 43 of 1989 s. 14)
Cap 112 s 43Rates of charge
Cap 112 s 43A(Repealed 19 of 1991 s. 4)
Cap 112 Part 8Double Taxation Relief*
Cap 112 s 44(Repealed 49 of 1956 s. 33)
Cap 112 s 45(Repealed 32 of 1998 s. 28)
Cap 112 s 46(Repealed 12 of 1999 s. 3)
Cap 112 s 47(Repealed 49 of 1956 s. 35)
Cap 112 s 48(Repealed 49 of 1956 s. 35)
Cap 112 s 49Double taxation arrangements
Cap 112 s 50Tax credits
Cap 112 Part 9Returns, etc.
Cap 112 s 51Returns and information to be furnished
Cap 112 s 51AAForm and manner of furnishing return, etc. under section 51
Cap 112 s 51APower to require statement of assets and liabilities, etc.
Cap 112 s 51BPower to issue search warrant
Cap 112 s 51CBusiness records to be kept
Cap 112 s 51DRent records to be kept
Cap 112 s 52Information to be furnished by officials and employers
Cap 112 s 53Who may act for incapacitated or non-resident persons
Cap 112 s 54Liability of executor of deceased taxpayer
Cap 112 s 55(Repealed 49 of 1956 s. 39)
Cap 112 s 56Precedent partner to act on behalf of partnership
Cap 112 s 56AJoint owners and co-owners
Cap 112 s 57Principal officer to act on behalf of a corporation or body of persons
Cap 112 s 58Signature and service of notices
Cap 112 s 58A(Repealed 43 of 1989 s. 18)
Cap 112 Part 10Assessments
Cap 112 s 59Assessor to make assessments
Cap 112 s 59A(Repealed 52 of 1993 s. 6)
Cap 112 s 60Additional assessments
Cap 112 s 61Certain transactions and dispositions to be disregarded
Cap 112 s 61ATransactions designed to avoid liability for tax
Cap 112 s 61BUtilization of losses to avoid tax
Cap 112 s 62Notice to be issued by Commissioner
Cap 112 s 63Validity of assessments, etc.
Cap 112 s 63A(Repealed 12 of 1999 s. 3)
Cap 112 Part 10AProvisional Salaries Tax
Cap 112 s 63BLiability for provisional salaries tax
Cap 112 s 63CAmount of provisional salaries tax
Cap 112 s 63DDemands for provisional salaries tax
Cap 112 s 63EHolding over of payment of provisional salaries tax
Cap 112 s 63FProvisional salaries tax to be applied against salaries tax
Cap 112 Part 10BProvisional Profits Tax
Cap 112 s 63GLiability for provisional profits tax
Cap 112 s 63HAmount of provisional profits tax
Cap 112 s 63IDemands for provisional profits tax
Cap 112 s 63JHolding over of payment of provisional profits tax
Cap 112 s 63KProvisional profits tax to be applied against profits tax
Cap 112 Part 10CProvisional Property Tax
Cap 112 s 63LLiability for provisional property tax
Cap 112 s 63MAmount of provisional property tax
Cap 112 s 63NDemands for provisional property tax
Cap 112 s 63OHolding over of payment of provisional property tax
Cap 112 s 63PProvisional property tax to be applied against property tax
Cap 112 Part 11Objections and Appeals*
Cap 112 s 64Objections
Cap 112 s 65Constitution of the Board of Review
Cap 112 s 66Right of appeal to the Board of Review
Cap 112 s 67Transfer of appeals under section 66 for hearing and determination by Court of First Instance instead of Board of Review
Cap 112 s 68Hearing and disposal of appeals to the Board of Review
Cap 112 s 68APower of Board of Review to correct clerical mistakes and other errors
Cap 112 s 69Appeals to the Court of First Instance
Cap 112 s 69ARight to appeal directly to Court of Appeal against decision of Board of Review
Cap 112 s 70Assessments or amended assessments to be final
Cap 112 s 70APowers of assessor to correct errors
Cap 112 s 70AARevision of assessment due to commencement of section 4 or 8 of Inland Revenue (Amendment) Ordinance 2004
Cap 112 s 70ABRevision of assessment due to commencement of section 2 of Revenue (Profits Tax Exemption for Offshore Funds) Ordinance 2006
Cap 112 s 70BHusband and wife
Cap 112 Part 12Payment and Recovery of Tax
Cap 112 s 71Provisions regarding payment of tax
Cap 112 s 72Tax to include fines, etc.
Cap 112 s 73(Repealed 49 of 1956 s. 54)
Cap 112 s 74(Repealed 49 of 1956 s. 54)
Cap 112 s 75Tax recoverable as a civil debt through the District Court
Cap 112 s 75A(Repealed 43 of 1989 s. 26)
Cap 112 s 76Recovery of tax from a debtor of the taxpayer
Cap 112 s 77Recovery of tax from persons leaving Hong Kong
Cap 112 s 77ARefusal of clearance to ships and aircraft where tax is in default
Cap 112 s 78(Repealed 49 of 1956 s. 59)
Cap 112 Part 13Repayment
Cap 112 s 79Tax paid in excess to be refunded
Cap 112 Part 14Penalties and Offences
Cap 112 s 80Penalties for failure to make returns, making incorrect returns, etc.
Cap 112 s 80A(Repealed 17 of 1989 s. 19)
Cap 112 s 81Breach of secrecy and other matters to be offences
Cap 112 s 82Penal provisions relating to fraud, etc.
Cap 112 s 82AAdditional tax in certain cases
Cap 112 s 82BAppeals against assessment to additional tax to Board of Review
Cap 112 s 83Tax payable notwithstanding proceedings
Cap 112 s 84Prosecutions, sanction of Commissioner
Cap 112 Part 15General
Cap 112 s 85Power to make rules
Cap 112 s 86Board of Inland Revenue to specify forms
Cap 112 s 87General power of Chief Executive in Council to exempt
Cap 112 s 87A(Repealed 76 of 1993 s. 9)
Cap 112 s 88Exemption of charitable bodies
Cap 112 s 88AAdvance rulings
Cap 112 s 88BNotice of no objection in respect of an application to deregister a private company under section 291AA of Companies Ordinance
Cap 112 s 89Transitional provisions
Cap 112 s 90Reduction of taxes for year of assessment 2007/08
Cap 112 s 91Reduction of taxes for year of assessment 2008/09
Cap 112 s 92Reduction of taxes for year of assessment 2009/10
Cap 112 s 93Reduction of taxes for year of assessment 2010/11
Cap 112 s 94Reduction of taxes for year of assessment 2011/12
Cap 112 Sched 1Standard Rate
Cap 112 Sched 2Rates
Cap 112 Sched 3Public Utility Companies
Cap 112 Sched 3ADeduction for Expenses of Self-Education
Cap 112 Sched 3BDeduction for the Purposes of Section 16AA or 26G
Cap 112 Sched 3CElderly Residential Care Expenses Deduction
Cap 112 Sched 3DHome Loan Interest Deduction
Cap 112 Sched 4Allowances
Cap 112 Sched 5
Cap 112 Sched 6
Cap 112 Sched 7(Repealed 4 of 2010 s. 20)
Cap 112 Sched 8Rate of Profies Tax in respect of a Corporation
Cap 112 Sched 9Transitional Provisions Relating to the Inland Revenue (Amendment) (no. 5) Ordinance 1993
Cap 112 Sched 10
Cap 112 Sched 11Fee Payable on Request for Notice under Section 88B
Cap 112 Sched 12Transitional Provisions Relating to Provisional Salaries Tax in respect of the Year of Assessment 2001/02
Cap 112 Sched 13Institutions that may Accredit or Recognize Training or Development Courses for the Purpose of Section 12(6)(c)(iii)
Cap 112 Sched 14Transitional Provisions Relating to Provisional Salaries Tax in respect of the Year of Assessment 2005/06
Cap 112 Sched 15Provisions for Ascertaining Amount of Assessable Profits of Resident Person under Section 20AE of this Ordinance
Cap 112 Sched 16Specified Transactions
Cap 112 Sched 17Environmental Protection Facilities
Cap 112 Sched 18Reduction of Taxes for Year of Assessment 2007/08
Cap 112 Sched 19Reduction of Taxes for Year of Assessment 2008/09
Cap 112 Sched 20Reduction of Taxes for Year of Assessment 2009/10
Cap 112 Sched 21Transitional Provisions Relating to Inland Revenue (Amendment) Ordinance 2011
Cap 112 Sched 22Transitional Provisions Relating to Provisional Salaries Tax in respect of Year of Assessment 2011/12
Cap 112 Sched 23Reduction of Taxes for Year of Assessment 2010/11
Cap 112 Sched 24Transitional Provisions for Inland Revenue (Amendment) (No. 3) Ordinance 2011
Cap 112 Sched 25Transitional Provisions Relating to Provisional Salaries Tax and Provisional Profits Tax in respect of Years of Assessment 2012/13 and 2013/14
Cap 112 Sched 26Reduction of Taxes for Year of Assessment 2011/12

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