11.2.87
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Other Fees and Charges
121.
A number of other fees and charges, including
those in relation to services provided by the Water
Spades Department, the Marine Department and the
Registrar General's Department, are scheduled for their
normal regular reviews in 1987. I expect from these
sources additional revenue of about $115 million in
1987-88 giving rise to $155 million in a full year.
TAX CONCESSIONS
122.
Turning now to tax concessions, I propose a
modest reduction in the standard rate of tax, a reduction
in the rate of profits tax applicable to corporations,
increases in personal and child allowances, a revision in
the rates of estate duty, and an increase in the exemption
limit for gifts under the Estate Duty Ordinance.
In
addition, I propose to introduce amendments to the Inland
Revenue Ordinance both to simplify the assessment to
salaries tax of those employees who, in any year, render
services both within and outside Hong Kong, and to combat
specific tax avoidance arrangements.
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છે.
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