Hong Kong's tax revenue climbed 22% to HK$458.3 billion last year, fueled by a 61% jump in stamp duty from stock transactions and robust IPO activity, alongside growth in profits and salaries tax.
Hong Kong's tax revenue rose 22 per cent to HK$458.3 billion (US$58.5 billion) last year, driven by a buoyant stock market and increased property transactions. Stamp duty surged 61 per cent to HK$102.6 billion, profits tax rose 20 per cent to HK$212.6 billion, and salaries tax increased 10 per cent to HK$97.7 billion. The Commissioner of Inland Revenue attributed the growth to increased average daily turnover on Hong Kong Exchanges and Clearing and a strong pipeline of initial public offerings.
