Hong Kong tax revenue jumps 22% to HK$458 billion

“Hong Kong’s overall tax revenue rose 22 per cent to HK$458.3 billion (US$58.5 billion) last year, driven by a buoyant stock market and increased property transactions. Commissioner of Inland Revenue Benjamin Chan Sze-wai announced on Monday the provisional tax figures for the year ending March 31. The increase was led by a 61 per cent surge in stamp duty to HK$102.6 billion, alongside a 20 per cent rise in profits tax to HK$212.6 billion and a 10 per cent increase in salaries tax to HK$97.7...

Summary generated from the RSS feed of SCMP Hong Kong. All article rights belong to the original publisher. Click through to read the full piece on www.scmp.com/news/hong-kong.