Govt Issues National Security Warning To Charities

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-09-13 HKT 16:05

Share this story

facebook

  • Treasury Secretary Christopher Hui says people can't be allowed to endanger national security in the name of charity. File photo: RTHK

    Treasury Secretary Christopher Hui says people can't be allowed to endanger national security in the name of charity. File photo: RTHK

The government says it will start stripping charities of their tax exemption status if they are deemed to have violated the national security law.

Treasury Secretary Christopher Hui made the announcement in a blog post on Monday, saying the authorities can't allow national security to be jeopardised.

"Promoting public interest through charitable work should of course be encouraged, but we also have to prevent people with ulterior motives from endangering national security in the name of charity," said Hui.

"If any organisation is found to have participated or used its resources to support or promote activities contrary to the interest of national security, we will not hesitate to strip it of its charity status and withdraw its tax exemptions," he warned.

"Our commissioner of inland revenue has to review if there's anything that should be adjusted to fit new situations, and [it would be] only right for him to make amendments according to the national security law."

Hui sidestepped questions from reporters at Legco as to whether the government already has a list of charities to be investigated.

The Tax Guide for Charitable Institutions and Trusts of a Public Character has been amended to include the national security requirement, with Hui saying the changes come into force immediately.

RECENT NEWS

Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more

BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more

Webinar: When Account Takeover Moves Past Onboarding

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more

JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more

Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more

Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more