THE Community Chest rather than punters will benefit from the abolition of entertainment tax levied on entrance fees to race meetings. The charity will get a boost of $10 million from the Royal Hongkong Jockey Club in the next racing season and it is expected the annual donation will continue for at least the next 10 years. At present, $2.20 of the $10 each punter pays to enter the racecourse goes to public coffers. This amounted to $11 million in the last racing season. This was the last form of entertainment tax following the removal of the charge on cinema tickets last year. ''I see merit in tidying up and simplifying our tax system further by removing the entertainments tax from the statute book altogether,'' Mr Macleod said. ''While this measure will increase the Jockey Club's revenue by nearly $10 million in 1993-94, the club has kindly agreed to donate an equivalent amount each year to the Community Chest.'' The Jockey Club's director of finance and central services, Mr David Hutcheson, said the club had decided to maintain the present entrance fee even though the tax had been abolished. Mr Hutcheson said the $10 entry fee was already cheap and it was better to donate the money to charity than reduce the ticket price. The executive director of the Community Chest, Mr William Lam Sau-shing, said: ''Now, with this donation from the club, we can concentrate on fund-raising projects rather than bothering about operating expenses.'' The Community Chest is financing 120 organisations and its fund-raising target for the year ending March 1993 is $145 million. The Jockey Club also welcomed the news that betting tax would not be raised again this year, following repeated warnings that further increases would mean dividends paid to punters would have to be reduced. The betting tax was raised last year but the effect on turnover was minimal. Up to last month, the income received from racing was $32.6 billion, an increase of 10 per cent over the previous year.