Air passenger departure tax
100.
Lastly, I have one
other proposal. This relates to
Air Passenger Departure Tax. 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. 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
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
the subject of Public Revenue Protection Orders signed by 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 fees and charges will be brought forward during the year as the relevant reviews are completed.
/SUMMING
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Private notes are available after approval.