la
母
The
Air passenger departure tax
100.
Lastly, I''have one other proposal. This relates to
le Air passenger Departure fax.
The tax on passengers departing from Hong Kong by air was last increased in 1985 to its present level of $120 for an adult and $60 for a child. Over the last three years the value of this tax has been eroded by inflation.
A Balancing one factor against another, and in the light of my
overall budgetary strategy, I propose that from 1 April 1988 the tax on passengers departing from Hong Kong by air be revised to $100 for an adult and $50 for a child. This concession will
cost $120 million in 1988-89. I trust that not only our own
travellers but also our many visitors will welcome this
reduction.
IMPLEMENTATION
101.
My proposals for air passenger departure tax, bank and deposit-taking company licence and registration fees, dutiable commodities, stamp duty and vehicle and driving licence fees were the subject of Public Revenue Protection Orders signed by
cap you, sir, this morning. During the current session, a bill to
amend the Inland Revenue Ordinance will be introduced into this
Council to give effect to my proposals on tax concessions.
Other increases in
in fees and charges will be brought forward during the year as the relevant reviews are completed.
SUMMING UP
102.
Sir, that concludes my revenue proposals. This year I have again been able to propose an easing of the tax burden whilst increasing expenditure on public services and maintaining the
value of our reserves. We have adhered to our policy of continuity and we are building for the future. The proposals that I have outlined offer something for all sectors of our community. The tax concessions, particularly for middle-income earners, and the efforts we are making to assist
are making to assist the less advantaged of our
community are especially worthy of note.
46
/103. In
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