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2.1 Stamp Duty. 2.2 Betting Duty. 3 Goods and Services Tax. ... Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50,000 Hong Kong dollars, 6% ...
The rating system in Hong Kong has a history of over 160 years. The first Rating Ordinance, Ordinance No. 2 of 1845, was enacted in that year and related to the Police Rate which was collected to pay the expenses for upholding and maintaining the police force in Hong Kong.
Stamp duty was formerly a graduated progressive tax with the more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [ 7 ]
Hong Kong's plan to increase stamp duty by 30 per cent in August will add much-needed revenue to the government's coffers while helping to drive away dangerous speculative trading activities by ...
The IRD is responsible for the administration of the following Hong Kong ordinances on taxes and duties and the related rules and regulations: Betting Duty Ordinance Cap.108; Business Registration Ordinance Cap.310; Estate Duty Ordinance Cap.111; Hotel Accommodation Tax Ordinance Cap.348; Inland Revenue Ordinance Cap.112; Stamp Duty Ordinance ...
Hong Kong's government increased its stamp duty on equity transactions on the city's stock exchange for the first time in almost three decades to fund a widening budget deficit, just as the world ...
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; Section 10 - How instruments to be written, charged and stamped; Section 13 - Adjudication of stamp duty by Collector
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