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FRIDAY, MAY 25, 1984
+AT 24.00 HOURS ON MAY 31, VEHICLES TRAVELLING NORTH WILL BE HALTED AT THE HONG KONG ENTRANCE AND THOSE TRAVELLING SOUTH WILL BE STOPPED AT A POINT OPPOSITE THE KOWLOON CANTON RAILWAY STATION. AFTER CLEARING ALL VEHICLES WITHIN THESE BOUNDARIES, THE TUNNEL WILL BE REOPENED AND THE NEW RATES WILL APPLY, HE SAID.
DISABLED DRIVERS WILL BE EXEMPTED FROM THE TAX BY BUYING SPECIAL TICKETS IN ADVANCE. THOSE DISABLED DRIVERS OF PRIVATE CARS WHO HAVE ALREADY BEEN EXEMPTED FROM VEHICLE LICENCE FEES WILL BE ELIGIBLE TO BUY THESE SPECIAL TICKETS WHICH ARE IN BOOKS OF 10 TICKETS AT $50 EACH.
THESE TICKETS WILL BE AVAILABLE FROM THE AFTERNOON OF MAY 30 AT THE TRANSPORT DEPARTMENT LICENSING OFFICE AT 2 MURRAY ROAD, G/F HONG KONG.
DISABLED DRIVERS OR THE IR AUTHORISED REPRESENTATIVES MUST PRESENT THE IR TRANSPORT DEPARTMENT EXEMPTION LETTER AND IDENTITY CARD IN ORDER TO OBTAIN THE TICKETS WHICH WILL BE OVERSTAMPED WITH THE REGISTRATION OF THE IR VEHICLE.
THE SPOKESMAN POINTED OUT THAT DISABLED DRIVERS MUST USE THESE TICKETS WHEN CROSSING THE TUNNEL, OR THEY WILL NOT BE EXEMPTED FROM THE PASSAGE TAX. IF THEY PRESENT CASH AT THE TOLL-BOOTHS, THEY WILL BE REQUIRED TO PAY THE FULL AMOUNT.
BILL SEEKS TO PUT TAX PROPOSALS INTO EFFECT
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THE GOVERNMENT TODAY PUBLISHED AN AMENDMENT BILL WHICH SEEKS TO IMPLEMENT THREE TAX PROPOSALS MADE BY THE FINANCIAL SECRETARY IN HIS BUDGET SPEECH IN FEBRUARY.
THE PROPOSALS CONTAINED IN THE INLAND REVENUE (AMENDMENT) BILL 1984 ARE:
* TO INCREASE THE STANDARD RATE OF TAX FROM 15% TO 17% AND THE RATE OF TAX APPLICABLE
*
TO CORPORATIONS FROM 16-1/2% TO 18-1/2%;
TO INTRODUCE NEW ANTI-AVOIDANCE MEASURES FOR THE PROTECTION OF PROFITS TAX YIELDS FROM AVOIDANCE DEVICES: AND
* TO BRING INTO CHARGE TO PROFITS TAX, WITH
EFFECT FROM APRIL 1, 1984, ALL INTEREST INCOME ACCRUING TO BUSINESS ENTERPRISES CARRIED ON IN HONG KONG.
/A GOVERNMENT