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88B. On a request made by a person who is entitled to apply for the deregistration of a private company under section 750 of the Companies Ordinance (Cap. 622), the Commissioner may issue a written notice stating that he has no objection to the company being deregistered.
Under section 20AC, non-resident persons are exempted from profits tax in respect of profits derived from certain specified transactions carried out through or arranged by specified persons and transactions incidental to the carrying out of the specified transactions.
The Chief Executive in Council may by order exempt any person, office or institution from payment of the whole or any portion of any tax chargeable under this Ordinance.
Penalties for failure to make returns, making incorrect returns, etc. commits an offence and is liable on conviction to a fine at level 3, and the court may order the person convicted within a time specified in the order to do the act which he has failed to do.
Section 26A(1A) of the Inland Revenue Ordinance (the Ordinance) provides tax exemption to sums derived from specified investment schemes in respect of mutual funds, unit trusts and similar investment schemes.

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An application for deregistration in a Form NDR1 should be delivered to the Registrar of Companies, within 3 months from the date of issue of the Notice of No Objection, together with the required fee and the Notice of No Objection.
Section 15F of the IRO allows the IRD to impose Hong Kong Profits Tax on the income generated from the IP even though the legal owner of the IP is a non-Hong Kong tax resident as long as part or all of the RD activities are performed in Hong Kong.
meaning of section 20AM of the IRO, which is to be determined by the IRD in processing claims for tax concessions in respect of carried interest made by the Qualifying Persons and Qualifying Employees. A fund is encouraged to consult professionals on tax matters concerning the fund.
5% will be imposed on the total amount of tax in default including the second instalment amount which will be immediately due if the first instalment is not paid by the due date. 10% will be further imposed on all unpaid amount (including 5% surcharge) after the expiry of 6 months from the due date.
80. Penalties for failure to make returns, making incorrect returns, etc. commits an offence and is liable on conviction to a fine at level 3, and the court may order the person convicted within a time specified in the order to do the act which he has failed to do.

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