A.D. 1947]
Inland Revenue.
[No. 20
HONG KONG.
No. 20 of 1947.
L.S.
I assent.
Mark Young,
Governor.
2nd May, 1947.
An Ordinance to impose a Tax on Earnings and Profits.
[2nd May, 1947.]
Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:—
Chapter I.
Short title. 1. This Ordinance may be cited as the Inland Revenue Ordinance, 1947.
Interpretation. 2. In this Ordinance, unless the context otherwise requires—
“active partner”, in relation to a partnership, means a partner who takes an active part in the control, management, or conduct of the trade or business of such partnership;
“agent”, in relation to a non-resident person or to a partnership in which any partner is a non-resident person, includes—
- (a) the agent, attorney, factor, receiver, or manager in the Colony of such person or partnership, and
- (b) any person in the Colony through whom such person or partnership is in receipt of any profits or income arising in or derived from the Colony;
