On 9 June 2023, IRD has updated its website with the new procedures on application for recognition of tax exemption status under section 88 of the Inland Revenue Ordinance and the potential profits tax liabilities for tax-exempt charities. Organisations wishing to seek recognition as tax-exempt charities are required to submit an application form together with the documents specified therein. Guidance on writing charitable purposes in the governing instrument is also provided.
To view the details, please click HERE.