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It is talking about Hong Kong Tax, Special Business, Profit Tax Comuptaion of Financila instituition, please explain the relationship between s.14 and s.15(1)(i)) and D7/84. And provide relevant simple exmaples.

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Can you please explain the following section, it is talking about Hong Kong Tax, Special Business, Financial Instituition Profit Tax Computaion. Can you lease explain the following paragraph in a simlier way and with simple example. S.15(1)(i) ◦ sums, not otherwise chargeable to tax under this Part (i.e. not chargeable under s.14), received by or accrued to a financial institution by way of interest which arises through or from the carrying on by the financial institution of its business in Hong Kong, notwithstanding that the moneys in respect of which the interest is received or accrues are made available outside Hong Kong ◦ Contrast to s.14: arising in or derived from HK What does “arises through or from” mean? ◦ Loan interest income is deemed taxable even though the loan is made available outside Hong Kong?
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D7/84 ◦ The sequence in determining the taxability of interest income of an FI: Consider s.14(1) first If not chargeable under s.14(1), then consider s.15(1)(i) ◦ Interpretation on s.15(1)(i): (a) if the place where the funds are made available is a factor in determining source under s.14; and (b) if under s.14 it is decided that the interest is not subject to Hong Kong tax Then the matter must be viewed again under s.15(1)(i) but this time the place where the funds were provided is to be disregarded as a factor in determining the source of the interest It is talking about Hong Tax, Special Business, Calculating profit tax of financial instituition, loan interest income. Can you explain above paragraph in a simple way and with simple example?

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