exempt from taxation

基本解释

Only in the last case, the transfer of equity is exempt from taxation.
對後一種情況，在轉讓股權時應免繳營業稅。
Income that is saved is exempt from taxation until the saving is later withdrawn and spent on consumption goods.
收入中用來儲蓄的部分是免稅的，除非它以後被取出竝用來消費。
Interest, income and capital gains are exempt from taxation under the Inland Revenue Ordinance. However, you should seek professional advice on your personal situation.
根據香港稅務條例，利息、投資收益及資本增值均豁免納稅，但您仍須按個人情況谘詢專業意見。
richspy.com

If the premiums are paid by employer, the outlays are both treated as an expense for the business and are exempt from taxation as income to employees.
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