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Stamp Duty. Hong Kong's first revenues were issued in 1867. A set of nine stamps from 3c to $10 was issued portraying Queen Victoria. In 1873 a 2c value was added in a smaller format, and this is a very rare stamp. In January 1880, a stamp from the 1867 issue was surcharged, and this was valid for both postal and fiscal use.
Historic Hong Kong stamp duty revenue stamp and overembossing die (1905). Actual stamps are no longer used. According to Schedule 1 of Hong Kong Stamp Duty Ordinance Cap.117 (SDO), Stamp duty applies to some legal binding documents as classified into 4 heads: Head 1: All sale or lease transactions in Hong Kong immovable property.
The postal system in the British colony of Hong Kong began in 1841 when the Royal Mail established the first General Post Office in the region. [1] [2] Between 1841 and 1862, no stamps were issued, and postmarks were used to certify payment of the postage instead. [3] [4] The earliest postmarks were used by military field offices, and read ...
Schedule 1 - The Hong Kong stamp duty heading. Head 1: All transactions of sale or lease of interests in Hong Kong immovable property. Head 2: The transfer of Hong Kong Stock. Head 3: All Hong Kong bearer instruments. Head 4: Any duplicates and counterparts of the above documents.
The IRD is responsible for the administration of the following Hong Kong ordinances on taxes and duties and the related rules and regulations: Betting Duty Ordinance Cap.108; Business Registration Ordinance Cap.310; Estate Duty Ordinance Cap.111; Hotel Accommodation Tax Ordinance Cap.348; Inland Revenue Ordinance Cap.112; Stamp Duty Ordinance ...
The wages and incomes received from employment are subjected to tax. Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50000 Hong Kong dollars, 6% when net taxable income is between 50001 and 100000 Hong Kong dollars, 10% when net taxable income is between 100001 and 150000 Hong Kong dollars and 14% when net taxable income ...
25 February 1932. Status: Current legislation. The Estate Duty Ordinance is one of Hong Kong ordinances. It regulates the HK estate duty which was a tax imposed on capital asset - the net value of property situated in Hong Kong at the date of the taxpayer's death. It is chargeable irrespective of whether the deceased was a resident of Hong Kong.
The Minimum Wage Ordinance Cap. 608 is an ordinance enacted by the Legislative Council of Hong Kong to introduce a minimum wage in Hong Kong in July 2010. [2] The executive branch proposed a minimum wage of HK$28 (~US$3.61) per hour in November 2010, which the Legislative Council voted to accept after much debate in January 2011.