One highly profitable company was taxed a record HK$5.91 billion in the last financial year, meaning it alone accounted for more than 5 per cent of profits tax receipts. The top individual taxpayer contributed HK$71 million, according to government data.Saturday, 9 May, 2009, 12:00am
Spending amounts to HK$315b1 May 2009 - 12:00am
Lawmakers have given preliminary support for proposed profits and salaries tax cuts. Do you back a trade union call to exclude firms earning more than HK$10 million from the reduced profits levy? Write to us.27 Jun 2008 - 12:00am
Choose the correct answer
1 How much taxes were collected in Hong Kong last year?
a) HK$150 billion
b) HK$12 trillion
c) HK$88 million
2 Duty free means:
a) the government allows goods to be on sale all year long
b) goods sold to travellers are not taxed14 Apr 2008 - 12:00am
Salaries tax standard rate lowered by 1 percentage point to 15%
One-off salaries tax rebate of 75%, subject to a ceiling of HK$25,000
Basic personal allowance and single-parent allowance up from HK$100,000 to HK$108,000
Married person's allowance up from HK$200,000 to HK$216,000
Tax bands widened from HK$35,000 to HK$40,00028 Feb 2008 - 12:00am
A Mong Kok landlord was yesterday given a four-month suspended sentence and fined more than HK$1 million for evading property tax over a five-year period.
The fine of HK$1,051,062 imposed on Lam Fuk-wa represented nearly three times the tax he had evaded between 2000 and 2005, according to the Inland Revenue Department.4 Sep 2007 - 12:00am
Hong Kong's public finances will be more susceptible to shocks without a goods and services tax and its creditworthiness might suffer, analysts warn.
Stabilising tax revenues was vital over the longer term, said Kim Eng Tan, Standard & Poor's ratings services associate director.6 Dec 2006 - 12:00am
It's not the time to introduce more taxes
The government has proposed a Goods and Services Tax (GST) but I am strongly against it.
This is not the right time to introduce the GST because Hong Kong's economy has just started to recover.1 Sep 2006 - 12:00am
It is an appropriate time to study whether to introduce a goods and services tax to broaden Hong Kong's tax base, as the city is enjoying strong economic growth, a taxation expert said yesterday.17 Jul 2006 - 12:00am
Much play has been made in the media and by members of the legislative and executive councils about the 'need' to widen the tax base to avoid alleged long-term structural deficits.2 Mar 2006 - 12:00am
That figure means someone earned about $400,000 every day, including holidays
Hong Kong's top earner gave the taxman $22 million last financial year, less than half the amount handed over by the highest-earning person in the previous year, the government said yesterday.3 Apr 2004 - 12:00am
Film director Ann Hui On-wah is being sued by the Inland Revenue Department for outstanding salaries tax of $62,982, a District Court writ says.18 Apr 2001 - 12:00am
Hong Kong's top earner made $25 million a month and paid $41 million in salaries tax for the past financial year - more than the combined tax paid by the next top three earners, according to figures released yesterday.3 Apr 2001 - 12:00am
The latest annual report from the Inland Revenue Department (IRD) shows a decreasing proportion of salaries tax is being shouldered by the highest paid strata of society.
The Annual Report for the Year of Assessment 1998-1999, due to be released this week, also shows total revenue from salaries tax dropped by more than HK$4 billion.7 Jan 2001 - 12:00am
I refer to the letter headlined, 'Three-year wait tempts tax dodgers' from 'Name and Address Supplied' (South China Morning Post, November 24).6 Dec 2000 - 12:00am