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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.
The fundamental source rule was laid down by the landmark case The Commissioner of Inland Revenue ("CIR") v. Hang Seng Bank Ltd Co. (1991) 1 AC 306 . Lord Bridge of Harwich of Privy Council held that the source of profits is a question of fact depending on the nature of transaction and stated the broad guiding principle in determining the ...
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 ...
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 Government of the Socialist Republic of Vietnam (Vietnamese: Chính phủ nước Cộng hòa xã hội chủ nghĩa Việt Nam; less formally the Vietnamese Government or the Government of Vietnam, Vietnamese: Chính phủ Việt Nam) is the cabinet and the central executive body of the state administration of Vietnam.
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.
[6] [7] As of 1 July 1997, [update] the Chief Executive of Hong Kong officially replaced the Governor of Hong Kong as the head of the government for Hong Kong following the handover . The Chief Executive is assisted by the Chief Secretary for Administration and the Financial Secretary , and other secretaries who heads policy bureaus.
She was born in 1974 in Binh Dinh, Vietnam and educated in business and economics at Hanoi Foreign Trade University.. She joined Vingroup in 2008 after working in international finance, including a tenure as Vice President at Lehman Brothers.