Taxation in Hong Kong

Bumper year in 2012-13 as tax revenue hits record HK$242b

3 May 2013

Hong Kong collected record-breaking tax revenue of HK$242.2 billion for the 2012/13 fiscal year, thanks to healthy growth in company earnings.

5:37AM

Canada and Hong Kong end expats' double tax whammy

12 Nov 2012

Hong Kong and Canada have signed a treaty to avoid double taxation and increase trade between the two economies.

Currently, income earned by Canadians in Hong Kong who are still deemed...

4:27AM

New 15 per cent stamp duty may hit expatriate homebuyers

28 Oct 2012

It may be targeted at property speculators, but a new stamp duty would derail the home-purchase plans of expatriates who are not yet permanent residents.

That was the debate raging online a...

9:35AM

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There's never a dull moment for flat buyers

29 Jun 2012

When Carmen Lee and her boyfriend bought a home in Tin Shui Wai in March 1997, she never imagined the move would turn into a nightmare.

They bought a 700-square-foot unit for about...

6:49PM

Biggest taxpayer forks out HK$79m

5 May 2012

Hong Kong's biggest taxpayer handed over HK$79 million in salaries tax last year, while one highly profitable company accounted for 3 per cent of all profits tax generated in the city, official...

2:14PM

Tax take hits record HK$238b, up 14pc

3 May 2012

Hong Kong's tax revenue rose to a record HK$238.3 billion in the 2011-2012 financial year, spurred by profits and wage tax gains.

That was an increase of 14 per cent from the...

2:01PM

Opinion

Hari Kumar

Workers pay the price for our bargains

5:20AM

Howard Winn

Barry Cheung makes waves in Moscow

3:47AM

Budget defies sound planning

By the evidence of the budgets over the past few years, Hong Kong's strong fiscal position owes nothing to the wisdom of our financial secretary and chief executive.

6:50AM

Wrong time to cut business tax, Tsang says

Chief Executive Donald Tsang Yam-kuen says his government will not lower the tax rate on corporate profits, despite a double-digit rise in tax revenues last year.

4:33AM

HK property sales down by a third last year

Property sales in Hong Kong fell by 33 per cent to just 108,504 deals last year as concerns over the economy and government moves to curb speculation soured buyer sentiment, property agents said...

4:26AM

Tough measures to cool homes market

The government and the banking regulator have stepped in again to curb the city's red-hot housing market with one of the toughest combined measures ever.

12:03PM

Tony Chan claims he never got tax demand

To allow self-styled fung shui master Tony Chan Chun-chuen extra time to file objection against a HK$330 million tax claim would open the tax system to abuse, a lawyer for the government said...

10:52AM

Lawmaker sceptical of fall in property speculation

A lawmaker has questioned the rosy picture painted by new government figures, which shows the number of confirmor deals on flats have more than halved thanks to the special stamp duty.

9:14AM