TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 231

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

11.

Business registration fees increased by 5%.

12.

13.

Vehicle and driving licence fees to be increased by 5%.

Reduction in the standard rate of Salaries (i.e. income) Tax from 17% to 16%. Increases in personal tax allowances announced.

14.

Reduction in the rate of Profits Tax to 18%.

15.

Amendments to clarify certain provisions of the Banking Bill under consideration. On the Securities side, the two most controversial issues, disclosure of ownership of share in public-linked companies and curbs on insider dealing, being pursued.

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