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THURSDAY, NOVEMBER 8
DEDICATION OF HONG KONG SCIENCE MUSEUM
THURSDAY, NOVEMBER 1, 1990
HER ROYAL HIGHNESS WILL OFFICIATE AT THE DEDICATION CEREMONY OF THE URBAN COUNCIL'S HONG KONG SCIENCE MUSEUM AT SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST AT 11 AM.
A PRESS COACH WILL LEAVE CGO CARPARK AT 9.30 AM. MEDIA REPRESENTATIVES MAKING THEIR WAY THERE ARE REQUESTED TO ARRIVE AT SCIENCE MUSEUM NOT LATER THAN 10.15 AM.
DEPARTURE AT KAI TAK AIRPORT
THE
HER ROYAL HIGHNESS WILL LEAVE HONG KONG FOR LONDON AT 10.55 PM. REPRESENTATIVES WISHING TO COVER HER DEPARTURE SHOULD ASSEMBLE AT THE AIRPORT PRESS ROOM NOT LATER THAN 10.10 PM.
MEDIA
SHIPPING PROFITS MAY BE EXEMPTED FROM TAX
THE GOVERNMENT HAS DECIDED THAT OCEAN-GOING SHIPS REGISTERED ON THE NEW HONG KONG SHIPPING REGISTER WILL BE EXEMPTED FROM PAYING PROFITS TAX ON THE CARRIAGE OF PASSENGERS, MAIL, LIVESTOCK AND GOODS UPLIFTED IN HONG KONG, THE SECRETARY FOR ECONOMIC SERVICES, MRS ANSON CHAN, SAID TODAY (THURSDAY).
THE DECISION IS SUBJECT ΤΟ ENACTMENT BY THE LEGISLATIVE COUNCIL OF THE NECESSARY AMENDMENTS TO THE INLAND REVENUE ORDINANCE
OF THE AND WOULD TAKE EFFECT FROM THE DATE OF THE ESTABLISHMENT HONG KONG SHIPPING REGISTER.
NEW
SPEAKING AT THE 40TH ANNUAL GENERAL MEETING OF THE ST. JAMES'
WOULD ALSO SETTLEMENT THIS AFTERNOON, MRS CHAN SAID THESE EXEMPTIONS APPLY IN THE CASE OF PROFITS ARISING FROM THE CHARTER HIRE OF OCEAN-GOING SHIP WHETHER OR NOT THE SHIPS ARE REGISTERED IN HONG KONG.
"HOWEVER, THEY WILL NOT APPLY TO INCOME ARISING FROM JOURNEYS MACAU WITHIN HONG KONG TERRITORIAL WATERS AND BETWEEN HONG KONG AND AND OTHER PLACES WITHIN THE PEARL RIVER DELTA," SHE POINTED OUT, ADDING THAT IN OTHER WORDS THERE WOULD BE NO CHANGE
то THE PRESENT POSITION CONCERNING THE TAXATION OF SUCH INCOME.
THESE
EXEMPTIONS,
MRS TAXATION OF
TURNING TO THE REASONS FOR INTRODUCING CHAN SAID THE ACTUAL REVENUE THAT HONG KONG DERIVED FROM SHIPPING PROFITS WAS IN FACT VERY LOW, AMOUNTING TO ONLY 0.1 PER OF THE TOTAL REVENUE FROM PROFITS TAX.
CENT
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