STATUTORY REGULATORY COMPLIANCE & SEARCH GUIDE
Hong Kong IRD Section 88 Tax-Exempt Charities Statutory Due Diligence Guide
Authoritative statutory guidance grounded in the Inland Revenue Ordinance (Cap. 112) and relevant regulatory frameworks.
01.
Statutory Charity Framework & Section 88 Tax Exemption (Cap. 112)
#IRD S88
#Tax Exemption
#Charity
#Charitable Trust
#Public Character
#Cap 112
Under Section 88 of the Inland Revenue Ordinance (Cap. 112), charitable institutions of a public character are exempt from Hong Kong profits tax. Donations made to recognized Section 88 charities are tax-deductible for donors up to 35% of assessable income/profits. 86hc.com verifies official IRD Section 88 tax-exempt standing, effective dates, and corporate forms.
02.
Four Heads of Charity & Strict Prohibition of Profit Distribution
#Four Heads
#Relief of Poverty
#Education
#Religion
#Articles of Association
A recognized charity must operate exclusively for public benefit under four statutory heads: relief of poverty, advancement of education, advancement of religion, or other purposes beneficial to the community. Articles of Association must strictly prohibit dividend distribution to members. 86hc.com inspects constitutive governing documents.
03.
IRD Review Audits, Revocation of Tax-Exempt Status & Asset Clamping
#Tax Audit
#Revocation of S88
#Commercial Activity
#Asset Clamping
The IRD conducts periodic audits: charities engaging in non-ancillary commercial trade or distributing assets improperly face immediate withdrawal of Section 88 status. 86hc.com tracks official status changes.
04.
Companies Registry Official Document Retrieval (Form NAR1 / Articles Filings)
#Company Search
#NAR1
#Articles of Association
#Company Limited by Guarantee
#CR Filings
Most Section 88 charities operate as Companies Limited by Guarantee. 86hc.com delivers 15–30 minute retrieval of official registry filings (Articles of Association, Form NAR1, Form ND2A) bearing official receipt stamps and ICRIS barcodes.
05.
Public Donations, Government Grants & Practising CPA CTC Certification
#Public Donation
#Lotteries Fund
#Certified True Copy
#CTC
#Bank Account
Applying for Public Subscription Permits (Home and Youth Affairs Bureau), government subventions, or bank charity accounts requires certified corporate documentation. 86hc.com coordinates with Hong Kong Practising CPAs to issue Certified True Copies (CTC).