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For discussion on 31 March 1987

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XCR (87) 58 Copy No...

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MEMORANDUM FOR EXECUTIVE COUNCIL

Business Registration Ordinance (Chapter 310)

BUSINESS REGISTRATION (AMENDMENT) BILL 1987

Road Traffic Ordinance

(Chapter 374)

ROAD TRAFFIC (DRIVING LICENCES REGULATIONS AND REGISTRATION AND LICENSING OF VEHICLES REGULATIONS) (AMENDMENT) BILL 1987

Immigration Ordinance

(Chapter 115)

IMMIGRATION (AMENDMENT) BILL 1987

Introduction

Inland Revenue Ordinance

(Chapter 112)

INLAND REVENUE (AMENDMENT) BILL 1987

Estate Duty Ordinance (Chapter 111)

ESTATE DUTY (AMENDMENT) BILL 1987

This

memorandum seeks Members' advice on the introduction of five bills into the Legislative Council. Their object is to implement certain of the revenue proposals made by the Financial Secretary in his Budget Speech on 25 February

1987.

Business Registration (Amendment) Bill 1987

2

The purpose of the bill at Annex A is to amend the Schedule to the Business Registration Ordinance to give effect to the proposal to

to increase the annual business registration fee, which was last revised in 1985, from $500

from $500 to $550. The fee will apply to all registered businesses. However small businesses, whose monthly income does not exceed certain prescribed limits, will continue to be granted exemption. The proposed increase is in line with inflation and will be brought into force by Public Revenue Protection Order on 1 April 1987.

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