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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 ...
Taxes are collected through the Inland Revenue Department (IRD). Since the Common Law System is applied in Hong Kong, judgements by the Courts and Boards of Review in tax law cases are used to assist the interpretation of taxation rules and concepts. Furthermore, the Inland Revenue Department issues Departmental Interpretation and Practice ...
Under Secretary for Commerce and Economic Development: Bernard Chan Pak-li Permanent Secretary for Commerce and Economic Development: Eliza Lee Man-ching Intellectual Property Department
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]
John Denver sang about West Virginia for many reasons — and property tax rates should have been one of them. The Mountain State has an average property tax rate of 0.57%. A typical homeowner ...
The Ministry of Finance (MOF, Vietnamese: Bộ Tài chính) is the government ministry responsible for the finances of Vietnam, including managing the national budget, tax revenue, state assets, national financial reserves and the finances of state corporations.
These were some big baggies. Border Patrol agents found two backpacks stuffed with $1.1 million worth of cocaine dumped near the border with Canada.
Salaries tax. Salaries tax is a type of income tax that is levied in Hong Kong, chargeable on income from any office, employment and pension for a year of assessment arising in or derived from the territory.