2023-10-23Hong Kong Profits Tax – Definition of a Body of Persons
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their trade or business shall serve to carry out the objects stated in their governing instruments, or such trade or business are mainly carried on by persons benefiting from such charitable purposes; and |
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the profits derived from such trade or business are solely used for charitable purposes and are expended substantially in Hong Kong. |
- https://www.ird.gov.hk/eng/ppr/archives/12121201.htm