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Specified Rate of Interest for the Purposes of Section 16(2)(b) of the Inland Revenue Ordinance

The information on this home page is for reference only. The rate of interest specified by the Financial Secretary is published by notice in the Gazette. In case of dispute the Gazette rate shall prevail.

For the purposes of Section 16(2)(b) of the Inland Revenue Ordinance, the rate of interest specified by the Financial Secretary by notice in the Gazette is as follows: -

Specified Rate of Interest for the Purposes of Section 16(2)(b) of the Inland Revenue Ordinance
Effective Date Annual Rate
18 May 1989 6.75%
1 Dec 2002 The highest interest rate on Hong Kong dollar savings account as quoted from time to time by the banks set out in the Schedule to the Legal Tender Notes Issue Ordinance (Cap. 65)