Arab Today, arab today hong kong tax revenue hits new record
Last Updated : GMT 10:43:16
Arab Today, arab today
Arab Today, arab today

HONG KONG tax revenue hits new record

Arab Today, arab today

Arab Today, arab today HONG KONG tax revenue hits new record

Hong Kong - XINHUA

Hong Kong total tax revenue collected in the 2012-13 financial year rose 2 percent on the previous year to a record high of 242.2 billion HK dollars (31.2 billion U.S. dollars), Chu Yam-yuen, commissioner of Inland Revenue, said Thursday. The increase was mainly caused by a 6 percent rise in profits tax, reaching 125.6 billion HK dollars. Property tax and betting duty amounted to 22.6 billion and 16.6 billion HK dollars. \"The economic situation in 2011-12 was relatively good, leading to a 13 percent increase in the overall assessable profits of businesses, boosting profits-tax revenue and bringing total revenue to a record high,\" Chu said at a press conference. For salaries tax, a 2 percent decrease was noted because of an increase in personal allowance in 2012-13. Stamp duty dropped 3 percent on the previous year. Chu also said the stock market was weak in 2012-13 until year\'s- end, while the property market was vibrant for most of the year before the Hong Kong Special Administrative Region (HKSAR) government introduced demand-control measures, accounting for the performance of stamp duty and property tax. In the year ahead, Chu forecast that salaries and profits tax will rise, and the estimate on stamp duty will be cautious due to the volatile nature of the property market. Overall, a 2 percent increase is predicted for 2013-14. (1 U.S. dollar equals 7.76 HK dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong tax revenue hits new record Arab Today, arab today hong kong tax revenue hits new record

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong tax revenue hits new record Arab Today, arab today hong kong tax revenue hits new record

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday