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Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50,000 Hong Kong dollars, 6% when net taxable income is between 50,001 and 100,000 Hong Kong dollars, 10% when net taxable income is between 100,001 and 150,000 Hong Kong dollars and 14% when net taxable income is between 150,001 and 200,000 Hong Kong dollars.
Initially it administered only one piece of legislation, the Inland Revenue Ordinance, which was enacted on 3 May 1947. [ 2 ] The department subsequently absorbed various elements of the Treasury , including the Estate Duty Office (in 1949), the Stamp Duty Office (1956), and responsibility for collection of entertainments, bets and sweeps, and ...
The Inland Revenue Ordinance is one of Hong Kong's Ordinances. It regulates the inland revenue of Hong Kong. Most commonly used sections. Interpretation. IRO Section ...
Until the establishment of Immigration Department on 4 August 1961, immigration control in Hong Kong was handled by the Hong Kong Police Force. [2] The Immigration Service Ordinance 1961 created the new department in charge of immigration control.
On February 28, 2024, the Financial Secretary of Hong Kong, Paul Chan, announced the Special Administrative Region’s (SAR) government budget for the fiscal year 2024 to 2025 (“2024–25 Budget”). Under the 2024-25 budget, total government expenditure is set to rise by 6.7 percent to HK$776.9 billion (US$99.23 billion). [3]
The Inland Revenue was merged with HM Customs and Excise to form HM Revenue and Customs which came into existence on 18 April 2005. [2] The current name was promoted by the use of the expression "from Revenue and Customs" in a series of annual radio, and to a lesser extent, television public information broadcasts in the 2000s and 2010s.
Following the appointment of district officers in urban Hong Kong, Kowloon and New Kowloon since 1968, [7] the District Administration Scheme was implemented in 1982 with the establishment of a district board and a district management committee in each of the districts in Hong Kong, including Hong Kong Island, Kowloon and aforementioned the New ...
ird.gov.bd Internal Resources Division ( Bengali : অভ্যন্তরীণ সম্পদ বিভাগ ) is a Bangladesh government division under the Ministry of Finance responsible for overseeing revenue collection in Bangladesh.