Search results
Results From The WOW.Com Content Network
Section 2 - Interpretation: This section introduce the terms always appear in this ordinance. The examples are Hong Kong bearer instrument, Hong Kong stock, conveyance, contract note. Section 4 - Charging of, liability for, and recovery of stamp duty; Section 8 - Duplicates and counterparts; Section 9 - Late stamping
Initially it administered only one piece of legislation, the Inland Revenue Ordinance, which was enacted on 3 May 1947. [ 2 ] The department subsequently absorbed various elements of the Treasury , including the Estate Duty Office (in 1949), the Stamp Duty Office (1956), and responsibility for collection of entertainments, bets and sweeps, and ...
Hong Kong Tramways Ordinance Cap.107 Authorized construction 1902 1911, 1912, 1950 HKT was incorporated in Britain: Post Office Ordinance Cap. 1926 Amendment 1926 1950 change of laws relating the Hong Kong Post Office: High Court Ordinance Cap.4 1976 1998 Related to the pre-1997 High Court of Justice, now Court of First Instance
Any person's HK property tax payable can be set off by the same HK profit tax payable. IRO Section.26A Exclusion of certain profits from tax IRO Section.26B Concessionary deductions, general provisions IRO Section.26C Approved charitable donations IRO Section.26D Elderly residential care expenses IRO Section.26E Home loan interest
Historic Hong Kong stamp duty revenue stamp and overembossing die (1905). Actual stamps are no longer used. According to Schedule 1 of Hong Kong Stamp Duty Ordinance Cap.117 (SDO), Stamp duty applies to some legal binding documents as classified into 4 heads: Head 1: All sale or lease transactions in Hong Kong immovable property.
Under Article 108 of the Basic Law of Hong Kong, the taxation system in Hong Kong is independent of, and different from, the taxation system in mainland China. In addition, under Article 106 of the Hong Kong Basic Law, Hong Kong has independent public finance, and no tax revenue is handed over to the Central Government in China. [ 1 ]
Although Newman Investment is a private company and is not registered as an incorporated public office, which would qualify it from not paying stamp duties under section 41(1) of the Stamp Duty Ordinance, Hong Kong Chief Executives have, under section 52(1) of the SDO, allowed Newman Investment to not pay stamp duties.
The Hong Kong Basic Law, which is a law passed by the Chinese National People's Congress, came into effect in 1997, becoming the constitutional document in Hong Kong. [4] The law was passed in accordance with Article 31 of the Chinese Constitution, which authorized the establishment of Special Administrative Regions. The Basic Law sets out the ...