HC Deb 24 July 1958 vol 592 c59W
Mr. H. Hynd

asked the Secretary of State for the Colonies what taxation is paid by textile firms in Hong Kong.

Mr. Profumo

, pursuant to his reply [OFFICIAL REPORT, 17th July, 1958; Vol. 591, c. 124], supplied the following information:

The taxation payable by textile firms in Hong Kong is as follows:

  1. (a) Corporation or Business Profits Tax at the standard rate of 12½ per cent.;
  2. (b) Business registration fee of $(H.K.) 200 per annum;
  3. (c) Rates, varying from 9 per cent. to 17 per cent. per annum of rateable value, according to locality;
  4. (d) Crown rents, varying from $(H.K.) 1200 to 2000 per acre per annum, according to locality;
  5. (e) Water charges at the rate of 80 cents per 1000 gallons.

Note.—1 Hong Kong dollar equals 1s. 3d. sterling.