Application for Section 88 Charity Licence

Application for Section 88 Charity Licence

We assist to set up a charitable organisations under Section 88 of the Inland Revenue Ordinance (IRO).  A charitable organisation include exemption from paying profits tax on all the income to be applied for charitable purposes, and exemption from stamp duty on transfer of any immovable property or Hong Kong stock gifted to the charity and the annual business registration fee. The donors are granted a tax deduction from salaries or profits to the extent of the respective limitations.

Our related services include:

• Set up a limited by guarantee company
• Reviewing the draft articles of association prior sending to the IRD
• Response to the comments on the articles of association from IRD and Revise the articles of association
• Reviewing the draft activities plan
• Apply for tax exemption status accorded by Section 88 of the IRO
• Complete and arrange to file the Annual Return

**A charitable organisations under Section 88 of the Inland Revenue Ordinance (IRO) must be recognised by the Hong Kong Inland Revenue Department (IRD).