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Government rent in Hong Kong started on July 1, 1997, with the inception of the Joint Declaration. It said that new land grants contain a standard condition that the lessee is required to pay an annual rent, equal to 3% of the rateable value from time to time of the land leased.
Hence, the laws in force are in hierarchical order are The Hong Kong Basic Law; legislation in force before 1 July 1997 that was adopted as laws of the HKSAR by the Standing Committee of the National People's Congress; laws enacted by the Legislative Council of Hong Kong after 1997; and PRC laws listed in Annex III to the Basic Law and applied ...
The rating system in Hong Kong has a history of over 160 years. The first Rating Ordinance, Ordinance No. 2 of 1845, was enacted in that year and related to the Police Rate which was collected to pay the expenses for upholding and maintaining the police force in Hong Kong. Over the following thirty years, services funded by rating such as ...
Under Article 108 of the Basic Law of Hong Kong, the taxation system in Hong Kong is independent of, and different from, the taxation system in mainland China. In addition, under Article 106 of the Hong Kong Basic Law, Hong Kong has independent public finance, and no tax revenue is handed over to the Central Government in China. [1]
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Halsbury's Laws of Hong Kong is an encyclopaedia on the laws of Hong Kong–based on the model of the Halsbury's Laws of England and is currently the only encyclopaedic legal work in Hong Kong. [1] It covers 80 subject areas and is written by prominent legal experts in Hong Kong.
The following is a list of legislation passed by the Legislative Council of Hong Kong. Some have been repealed and replaced with updated laws. Some have been repealed and replaced with updated laws. In total there are 1181 ordinances in effect and an assortment of subsidiary legislation associated with them.
They are Hong Kong Housing Authority (HKHA), Hong Kong Housing Society (HKHS), and Hong Kong Settlers Housing Corporation Limited. As of 31 March 2016, approx. ⅓ of Hong Kong's population (2.14 million) live in Hong Kong's public housing estates. 760,000 of those units were owned by HKHA [ 1 ] while 140,000 are HKHS [ 2 ] and 1,400 HK ...