HK Inland Revenue Ordinance Cap.112is one of Hong Kong Ordinances. It regulates the inland revenue of Hong Kong.

The most common used Sections[edit]

Section 2 - Interpretation - 30/06/2004 Section 3 - Establishment of Board of Inland Revenue. Power of Chief Executive to appoint a Commissioner and other officers - 01/07/1997 Section 3A - Exercise of powers and duties - 30/06/1997 Section 4 - Official secrecy - 01/07/1997 Section 5 - Charge of property tax - 30/06/1997

Section 5B - Ascertainment of assessable value on or after 1 April 1983 - 30/06/1997

Section 7A - Interpretation - 30/06/1997 Section 7B - (Repealed) - 30/06/1997 Section 7C - Bad debts - 30/06/1997 Section 8 - Charge of salaries tax - 01/12/2000 Section 9 - Definition of income from employment - 04/07/2003 Section 9A - Remuneration under certain agreements treated as being income derived from an employment of profit - 30/06/1997 Section 10 - Salaries tax on spouses to be paid separately unless they elect to be jointly assessed - 17/04/1998 Section 11 - The time and manner in which an election or the withdrawal of an election for joint assessment is to be made - 30/06/1997 Section 11A - (Repealed) - 30/06/1997 Section 11B - Ascertainment of assessable income - 30/06/1997 Section 11C - Office or employment of profit - 30/06/1997 Section 11D - Receipt of income - 30/06/1997 Section 12 - Adjustments to assessable income - 25/06/2004 Section 12A - Treatment of losses - 30/06/1997 Section 12B - Ascertainment of net chargeable income - 17/04/1998 Section 12BA - (Repealed 31 of 1998 s. 6) - 17/04/1998 Section 13 - Calculation of salaries tax - 17/04/1998 Section 14 - Charge of profits tax - 30/06/1997 Section 14A - Qualifying debt instruments - 14/11/2003 Section 14B - Qualifying reinsurance business - 17/04/1998 Section 15 - Certain amounts deemed trading receipts - 25/06/2004 Section 15A - Transfer of right to receive income - 30/06/1997 Section 15B - (Repealed) - 30/06/1997 Section 15C - Valuation of trading stock on cessation of business - 30/06/1997 Section 15D - Post-cessation receipts and payments - 30/06/1997 Section 15E - Stock borrowing and lending - 01/04/2003 Section 16 - Ascertainment of chargeable profits - 25/06/2004 Section 16A - Special payment under an approved retirement scheme allowable as a deduction - 01/12/2000 Section 16AA - Mandatory contributions in self-employment cases allowable as a deduction - 17/04/1998 Section 16B - Expenditure on research and development - 21/05/2004 Section 16C - Payments for technical education - 17/04/1998 Section 16D - Approved charitable donations - 04/07/2003 Section 16E - Purchase and sale of patent rights, etc. - 30/06/1997 Section 16F - Expenditure on building refurbishment - 17/04/1998 Section 16G - Capital expenditure on the provision of a prescribed fixed asset - 17/04/1998 Section 17 - Deductions not allowed - 01/12/2000 Section 18 - Basis for computing profits - 30/06/1997 Section 18A - Assessable profits for the year of assessment 1974/5 - 30/06/1997 Section 18B - Basis for computing assessable profit for years of assessment commencing on 1 April 1975 - 30/06/1997 Section 18C - Commencement of source of profits in years of assessment commencing on or after 1 April 1974 - 30/06/1997 Section 18D - Cessation of source of profits in years of assessment commencing on 1 April 1975 - 30/06/1997 Section 18E - Change of accounting date and apportionments - 30/06/1997 Section 18F - Adjustment of assessable profits - 30/06/1997 Section 19 - Treatment of losses - 17/04/1998 Section 19A - (Repealed) - 30/06/1997 Section 19B - (Repealed) - 30/06/1997 Section 19C - Treatment of losses after 1 April 1975 - 17/04/1998 Section 19CA - Treatment of losses: concessionary trading receipts - 17/04/1998 Section 19CB - Set off: concessionary trading receipts - 17/04/1998 Section 19D - Computation of losses after 1 April 1975 - 30/06/1997 Section 19E - Adjustment of losses - 30/06/1997 Section 20 - Liability of certain non-resident persons - 30/06/1997 Section 20A - Persons chargeable on behalf of a non-resident - 30/06/1997 Section 20AA - Persons not treated as agents - 01/04/2003 Section 20AB - Interpretation of sections 20AC, 20AD and 20AE and Schedule 15 - 10/03/2006 Section 20AC - Certain profits of non-resident persons exempt from tax - 10/03/2006 Section 20AD - Loss from transactions referred to in section 20AC(1) not available for set off - 10/03/2006 Section 20AE - Assessable profits of non-resident persons regarded as assessable profits of resident persons - 10/03/2006 Section 20B - Persons chargeable in respect of certain profits of a non-resident - 25/06/2004 Section 21 - Assessable profits of certain businesses to be computed on a percentage of the turnover - 30/06/1997 Section 21A - Computation of assessable profits from cinematograph films, patents, trademarks, etc. - 25/06/2004 Section 21B - Transitional - 30/06/1997 Section 22 - Assessment of partnerships - 30/06/1997 Section 22A - Ascertainment of share of partnership profits or losses - 30/06/1997 Section 22B - Limited partner loss relief - 30/06/1997 Section 23 - Ascertainment of assessable profits of life insurance corporations - 30/06/1997 Section 23A - Ascertainment of assessable profits of insurance corporations other than life insurance corporations - 17/04/1998 Section 23AA - Mutual insurance corporations - 30/06/1997 Section 23B - Ascertainment of the assessable profits of a ship-owner carrying on business in Hong Kong - 17/04/1998 Section 23C - Ascertainment of the assessable profits of a resident aircraft-owner - 30/06/1997 Section 23D - Ascertainment of the assessable profits of a non-resident aircraft-owner - 30/06/1997 Section 23E - Alternative computation of "total shipping profits" and "total aircraft profits" - 30/06/1997 Section 24 - Clubs, trade associations, etc. - 30/06/1997 Section 25 - Deduction of property tax from profits tax - 30/06/1997 Section 26 - Exclusion of certain dividends and profits from the assessable profits of other persons - 30/06/1997 Section 26A - Exclusion of certain profits from tax - 14/11/2003 Section 26B - Concessionary deductions, general provisions - 17/04/1998 Section 26C - Approved charitable donations - 04/07/2003 Section 26D - Elderly residential care expenses - 17/04/1998 Section 26E - Home loan interest - 25/06/2004 Section 26F - Nomination for purposes of section 26E - 17/04/1998 Section 26G - Contributions to recognized retirement schemes - 17/04/1998 Section 27 - Allowances, general provisions - 30/06/1997 Section 28 - Basic allowance - 17/04/1998 Section 29 - Married person's allowance - 17/04/1998 Section 30 - Dependent parent allowance - 17/06/2005 Section 30A - Dependent grandparent allowance - 17/06/2005 Section 30B - Dependent brother or dependent sister allowance - 30/06/1997 Section 31 - Child allowance - 30/06/1997 Section 31A - Disabled dependant allowance - 17/04/1998 Section 32 - Single parent allowance - 30/06/1997 Section 33 - Provisions supplementary to sections 30, 30A, 30B, 31 and 31A - 30/06/1997 Section 33A - Annual allowances, commercial buildings and structures - 25/06/2004 Section 33B - (Repealed 12 of 2004 s. 10) - 25/06/2004 Section 34 - Initial and annual allowances, industrial buildings and structures - 25/06/2004 Section 35 - Balancing allowances and charges, buildings and structures - 25/06/2004 Section 35A - Special provisions on termination of leasehold interest - 30/06/1997 Section 35B - Buildings and structures bought unused - 30/06/1997 Section 36 - Rebuilding allowance for a commercial building or structure up to and including the year of assessment commencing on 1 April 1997 - 17/04/1998 Section 36A - Application of provisions to machinery or plant - 30/06/1997 Section 37 - Initial and annual allowances, machinery or plant - 17/04/1998 Section 37A - Initial and annual allowances in respect of machinery and plant acquired under hire purchase agreement - 21/05/2004 Section 38 - Balancing allowances and charges, machinery or plant - 30/06/1997 Section 38A - Determination of cost of individual assets sold together for one price - 30/06/1997 Section 38B - Commissioner's power to determine the true value of an asset on sale - 30/06/1997 Section 38C - (Repealed) - 30/06/1997 Section 39 - Replacement of machinery or plant - 30/06/1997 Section 39A - Reduction of allowances not to affect calculation of subsequent allowances - 30/06/1997 Section 39B - Initial and annual allowances on machinery or plant under the pooling system - 17/04/1998 Section 39C - Pooling system when not to apply - 30/06/1997 Section 39D - Balancing allowances and charges under the pooling system - 30/06/1997 Section 39E - Allowances under this Part in respect of capital expenditure on leased machinery and plant - 17/04/1998 Section 40 - Interpretation - 25/06/2004 Section 40A - (Repealed) - 30/06/1997 Section 40B - Interpretation - 17/04/1998 Section 41 - Election for personal assessment - 30/06/1997 Section 42 - Calculation of total income - 17/04/1998 Section 42A - Assessment to tax - 30/06/1997 Section 42B - (Repealed) - 30/06/1997 Section 43 - Rates of charge - 30/06/1997 Section 43A - (Repealed) - 30/06/1997 Section 44 - (Repealed) - 30/06/1997 Section 45 - (Repealed 32 of 1998 s. 28) - 17/04/1998 Section 46 - (Repealed 12 of 1999 s. 3) - 01/07/1997 Section 47 - (Repealed) - 30/06/1997 Section 48 - (Repealed) - 30/06/1997 Section 49 - Double taxation arrangements - 17/04/1998 Section 50 - Tax credits - 30/06/1997 Section 51 - Returns and information to be furnished - 17/04/2003 Section 51A - Power to require statement of assets and liabilities, etc. - 01/07/1997 Section 51AA - Form and manner of furnishing return, etc. under section 51 - 17/04/2003 Section 51B - Power to issue search warrant - 30/06/1997 Section 51C - Business records to be kept - 30/06/1997 Section 51D - Rent records to be kept - 30/06/1997 Section 52 - Information to be furnished by officials and employers - 30/06/1997 Section 53 - Who may act for incapacitated or non-resident persons - 30/06/1997 Section 54 - Liability of executor of deceased taxpayer - 12/02/2006 Section 55 - (Repealed) - 30/06/1997 Section 56 - Precedent partner to act on behalf of partnership - 30/06/1997 Section 56A - Joint owners and co-owners - 30/06/1997 Section 57 - Principal officer to act on behalf of a corporation or body of persons - 30/06/1997 Section 58 - Signature and service of notices - 30/06/1997 Section 58A - (Repealed) - 30/06/1997 Section 59 - Assessor to make assessments - 30/06/1997 Section 59A - (Repealed) - 30/06/1997 Section 60 - Additional assessments - 30/06/1997 Section 61 - Certain transactions and dispositions to be disregarded - 30/06/1997 Section 61A - Transactions designed to avoid liability for tax - 30/06/1997 Section 61B - Utilization of losses to avoid tax - 30/06/1997 Section 62 - Notice to be issued by Commissioner - 30/06/1997 Section 63 - Validity of assessments, etc. - 30/06/1997 Section 63A - (Repealed 12 of 1999 s. 3) - 01/07/1997 Section 63B - Liability for provisional salaries tax - 30/06/1997 Section 63C - Amount of provisional salaries tax - 17/04/1998 Section 63D - Demands for provisional salaries tax - 30/06/1997 Section 63E - Holding over of payment of provisional salaries tax - 30/06/1997 Section 63F - Provisional salaries tax to be applied against salaries tax - 30/06/1997 Section 63G - Liability for provisional profits tax - 30/06/1997 Section 63H - Amount of provisional profits tax - 30/06/1997

Section 63O - Holding over of payment of provisional property tax - 30/06/1997
Section 64 - Objections - 04/07/2003
Section 65 - Constitution of the Board of Review - 01/07/1997
Section 66 - Right of appeal to the Board of Review - 30/06/1997
Section 70A - Powers of assessor to correct errors - 30/06/1997
Section 70B - Husband and wife - 30/06/1997
Section 75 - Tax recoverable as a civil debt through the District Court - 30/06/1997
Section 80 - Penalties for failure to make returns, making incorrect returns, etc. - 30/06/1997
Section 82A - Additional tax in certain cases - 30/06/1997
Section 82B - Appeals against assessment to additional tax to Board of Review - 25/06/2004
Section 88 - Exemption of charitable bodies - 30/06/1997
Section 88A - Advance rulings - 01/07/2002

External Reference[edit]

Inland Revenue Ordinance Cap.112 (online)