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  1. Former URA director jailed 15 months for fraud and bribery

    Posted Feb 04th 2009, 12:00am by Staff Reporter

    ... Loretta Fong A former executive director of the Urban Renewal Authority, Russel Hui, and his business partner were jailed yesterday for failing to pay almost HK$500,000 in stamp duty ... for nine flats. Hui's business partner, Mok-king-yu, 50, was jailed for 12 months on a joint conspiracy charge. Sentencing the pair, Deputy Judge David Dufton said the Stamp Duty Ordinance ...

  2. Beijing expects 74pc fall in share-sale tax take

    Posted Mar 16th 2009, 12:00am by Martin Zhou

    ... Martin Zhou in Beijing Beijing forecast a 74 per cent yearly plunge in the stamp duty collected on share sales this year, reflecting continuing government wariness about the market outlook ... predicted the stock market would generate no more than 24.5 billion yuan (HK$27.82 billion) in stamp duty this year, down 70.4 billion yuan from last year. The calculation took into consideration ...

  3. Former URA chief guilty of fraud

    Posted Jan 16th 2009, 12:00am by Staff Reporter

    ... Loretta Fong A former executive director of the Urban Renewal Authority and his business partner were convicted yesterday of failing to pay almost HK$500,000 in stamp duty on flats ... purchase agreements while the defendants concealed the originals, by which they evaded payment of HK$496,600 in stamp duty, the court was told. The premiums the new buyers paid were excluded from ...

  4. Surplus nears HK$18 billion

    Posted Jan 01st 2010, 12:00am by Martin Wong

    ... Martin Wong The government has recorded a surplus of HK$17.9 billion for the first eight months of the financial year, thanks in large part to profits tax and stamp duty. A spokesman said expenditure for the period to November 30 amounted to HK$182.2 billion and revenue was HK$143.3 billion. Revised estimates for the current financial year will be published along with the 2010-11 ...

  5. Tax on share sales may be further reduced

    Posted Mar 06th 2009, 12:00am by Eric Ng

    ... Daniel Ren in Shanghai and Eric Ng in Beijing The mainland's top securities regulator says Beijing could further cut the stamp duty on share sales, the latest sign the government ... by parliamentary spokesman Li Zhaoxing on Wednesday that Beijing would further cut stock trading tax. It is the Ministry of Finance, not the CSRC, that has the power to decide stamp duty. Beijing reduced ...

  6. Tsang warns against budget surplus hopes

    Posted Dec 22nd 2009, 12:00am by Dennis Eng

    ... there was a potential upside in the revenue from profits and salaries tax as well as the stamp duty on stock and property transactions. The firm expects a budget surplus of HK$5.6 billion. Tax revenue is now from income earned in 2008, which was not that poor a year, Lui said. Stamp duties on stock and property transactions should reach HK$40 billion, up from the official estimate of HK$25 billion, ...

  7. Rare stamps set for exhibition

    Posted Apr 22nd 2009, 12:00am by Paggie Leung

    ... Paggie Leung More than HK$1 billion in rare stamps, including one issued during the Qing dynasty worth HK$2 million, will go on display next month. Other valuable exhibits include China's and Siam's first stamps, as well as Hong Kong stamp proofs dating to the 1860s. Organised by the Hong Kong Philatelic Society and sponsored by Hongkong Post, the Asian International ...

  8. Stamps to honour Nobel laureate

    Posted Oct 19th 2009, 12:00am by Staff Reporter

    ... Joshua But Hongkong Post will dedicate a new stamp sheetlet to Hong Kong's Nobel laureate Dr Charles Kao Kuen. The design will be chosen from an open contest. Secretary for Home Affairs Tsang Tak-sing revealed this yesterday on his blog and said the Science Museum would arrange an exhibition about Kao and fibre optics technology, which Kao pioneered. ...

  9. HK$2.58m winning bid sets record for single Chinese stamp

    Posted Sep 19th 2009, 12:00am by Dennis Eng

    ... Dennis Eng A Beijing stamp collector paid more than HK$2.58 million for one of 32 known Qing dynasty red revenue stamps, setting a new world record for a single Chinese stamp during yesterday's auction by Zurich Asia. The two-day stamps and postal history autumn auction continues today at the Excelsior hotel. The winning bid of HK$2,587,500 exceeded the high estimate of HK$2 ...

  10. Brazil stamps bear HK man's name

    Posted Nov 02nd 2009, 12:00am by Staff Reporter

    ... Maggie Ng Could you imagine your name printed on a set of stamps issued by Brazil Post? For stamp designer Wong Chun-hong, it is a dream that recently came true. Wong, of design firm Yellow Creative, said he felt honoured that the Brazilian post office printed his name on a set of four stamps - the 'Hong Kong, China-Brazil Joint Issue on Football' - with Hongkong ...




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