银行承诺

1.

Whereas a valid notice of objection has been lodged by XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX (hereinafter referred to as "the taxpayer") against the Notice of Assessment and Demand for XXXXXXXXXXXXXXXX Tax for the Year of Assessment XXXXXXXXXXXXXXXXX in the sum of $XXXXXXXXXXXXXXXXXXXXXXX under Charge No. XXXXXXXXXXXXXXXXXXXXXXXX due and payable on or before XXXXXXXXXXXXXXXXXXXXXX.

2.

Whereas you have agreed that you will order that the payment of
$XXXXXXXXXXXXXX (the tax debt) be held over pending the determination of such objection and of any subsequent appeal on condition that the taxpayer provides security for the payment of the tax debt by furnishing a banker's undertaking in the following terms.

Then in consideration of the said order and upon receipt of your written notification that the objection or appeal has been withdrawn or finally determined, we, XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX hereby undertake to pay you the amount of the tax debt or such other tax as may then be due and payable together with interest thereon from the date for payment of the tax specified in the notice of assessment to the date of withdrawal or final determination of the objection or appeal at the rate specified in section 71(11) of the Inland Revenue Ordinance (Cap. 112).

Our maximum liability shall not exceed the tax debt and interest thereon at the rate specified as aforesaid. 

This undertaking is not transferable or assignable and is not revocable without your consent.

This undertaking is to be governed by and construed in accordance with the laws of Hong Kong.

Upon the expiration of this undertaking or upon the taxpayer's objection or appeal being sustained, this undertaking shall be returned to us for cancellation.