Despite the difficult external environment, the domestic sector was relatively resilient and provided the cushion. Although we endeavour to provide accurate and timely information, there can be. We will not send you any promotional and other materials upon receiving your request with no charge. A budget surplus occurs if government revenues exceed expenditures. Shinewing hong kong hksar budget summary 2016 2017. A major event, last years showcase of the latest pageturners attracted more than one million attendees and included some 360 cultural events to promote reading. Click here to download the complete set of the 201415 budget for offline reading.
Prodemocracy lawmakers say budget perpetuates wealth gap level of gov. Department hong kong, government expenditure in hong kong from. The financial secretary for the hong kong special administrative region hksar, john tsang, has delivered his ninth budget on wednesday, 24 february 2016. If youre traveling as a family of three or four people, the price person often goes down because kids tickets are cheaper and hotel rooms can be shared. As anticipated, the government once again recorded a much higher surplus than its previous estimate.
Hong kong budget summary 201516 the financial secretary, the hon john c tsang, presented his eighth budget for the year 201516 to the legislative council on 25 february 2015. Each year the financial secretary sets out hong kong governments tax and fiscal policy and plans in the budget speech, which is normally delivered in february or march. Acknowledging these concerns, he set out this years budget as one that which is aimed at supporting. Professional advice and case assessment are required prior to any investment decisions. Summary of hong kong 201516 budget 25 february 2015 summary of hong kong 201516 budget information in this document is for general use. Some months prior to the budget speech, the financial secretary consults the legislative council and may. The government budget balance open textbooks for hong kong. Budget summaries hong kong chinese womens club college. Budget consultation support team, 24f, central government offices, 2 tim mei avenue, tamar, hong kong by email. Book fair retrospective hktdc hong kong book fair 2020. Financial summary 201819 senior secondary curriculum support grant 201920 201819 201718 201617 201516 201415 2014 2012 201112 201011 200910 learning support grant for secondary schools 201920 201819 201718 201617 201516 201415 budget summaries.
Highlightshong kong budget for fiscal 201920 reuters. The exemptions and exceptions introduced through the 2014 amendment ordinance will not be affected. The 20172018 budget march 2017 fiscal landscape in hong kong has stayed broadly the same over the past two decades. Every summer, hundreds of thousands of bookworms flock to the hong kong book fair. This page provides hong kong government budget actual values, historical data. Thus, a hong kong permanent resident hkpr acquiring a residential property. That is, the budget should be prepared to mobilize the allocation of resources that bring benefits to different social strata, well thoughtout, pragmatic, meeting the needs of the society and. Hk budget 201718 our coverage includes a commentary and analysis in response to the budget prepared by the deloitte hong kong budget team, led by mr. The governments budget balance is the difference between the governments revenues and its expenditures.
The 201516 budget proposed the following two tax measures to help develop hong kong as an intellectual property hub and corporate treasury centre respectively. The sfc and the hong kong stock exchange are planning a joint public consultation on enhancing the regulatory framework for listings in the near future. The investment incomes on the fiscal reserves for 2014 15 and 201516 have been set aside and retained within the exchange fund as provision for the housing reserve, and were not received on 31 december 2014 and 31 december 2015. The frankfurter buchmesse fbm is the worlds largest trade fair for books, based both on the number of publishing companies represented, and the number of visitors. Summary of budget 2019 taxation measures policy changes. To keep you ahead of change, our subjectmatter experts share their insights on how it impacts you as a business, an industry and an individual. Hong kong, feb 24 reuters the following are highlights of hong kongs budget for the 201617 fiscal year starting in april, presented by financial secretary john tsang. Hong kong budget announcement 2016 a long term view for tomorrows success. Head 95 leisure and cultural services department budget.
Economic growth picked up further in the third quarter of 2016 to. Hong kongs 2019 budget address highlights the french. In the budget, the tax rates for the major tax categories, including salaries tax, profits tax, property tax and stamp duty remain. The hong kong 201920 budget paves a cautious and conservative road for the year ahead.
At the end of last year, rmb deposits and outstanding rmb certificates of deposits totalled more than rmb 1 trillion, accounting for 70 per cent of the offshore pool of rmb liquidity. Figures for 201819 are subject to audit by the director of audit. May 05, 2017 the financial secretary, mr paul chan, presented the last budget of the current term government to the legislative council on 22 february 2017. Citing uncertainties surrounding the current global economic landscape, mr chan admitted that hong kong has been experiencing slackened growth and reduced confidence of enterprises regarding the future outlook. The hong kong economy grew modestly in the first three quarters of 2015, by 2. Hong kong book fair 2020 hong kong books multimedia. John tsang delivered his 20142015 budget speech for the government on 26 february 2014. The annual book fair is organised by the hong kong trade development council and takes place over several days.
Rmb trade settlement conducted through hong kong banks last year exceeded rmb 3. A budget deficit occurs if government expenditures exceed revenues. Hksar shall follow the principle of keeping expenditure within the limits of revenues in drawing up the budget, and strive to achieve a fiscal balance, avoid deficits and keep the budget commensurate with the growth rate of the gross domestic product. The hong kong economy grew modestly in the first three quarters of 2016, by 1. Hong kong is the worlds largest offshore renminbi rmb business centre. To diversify hong kongs economy to create wealth and provide wider and better development opportunities for youngsters. The website is created in unavailable, currently located in singapore and is running on ip 52. Whilst the financial secretary concluded his 201819 budget speech by noting his belief that hong kong can brave stormy winds and turn its dreams into reality. Hong kong institute of certified public accountants. Please tick here if you object to our use of your personal data for direct marketing.
It is estimated in the budget that there will be a surplus of hkd 8 billion in the fiscal year 201718, which is hkd 121. While there are concerns over the narrow tax base and volatile revenue sources, hong kong manages to achieve fiscal surplus for consecutive years since 20042005. Government budget hong kong institute of certified. Paul chan mopo, who took office in january after his predecessor resigned, delivered the 201718 budget speech on 22 february 2017. The minus sign is often omitted when reporting a deficit. The information contained in the hong kong budget summary 20182019 is of a general nature and is not intended to address the circumstances of any particular individual or entity. Click here to download the complete set of the 2014 15 budget for offline reading. Therefore, the organization must establish a marketing budget based on the required marketing effort to influence consumers. Hong kong budget summary 20182019 the information contained in the hong kong budget summary 20182019 is of a general nature and is not intended to address the circumstances of any particular individual or entity. Consider extending the scope of tax deduction for capital expenditure incurred on the purchase of intellectual property rights to cover more types of. Hong kong government budget value 19762019 data 2020.
Introduction financial secretary john tsang delivered the eighth budget speech of his career on 25 february 2015. Hong kong recorded a government budget deficit equal to 1. Hong kong financial secretary paul chan delivered the 2018 budget at the legislature on wednesday. Hong kong government budget 19992019 data 20202022. Financial services and the treasury bureau, government secretariat enquiry telephone no 2810 3658. Highlightshong kong budget for fiscal 201617 reuters. To deploy resources to improve healthcare services in view of the ageing population and to improve hong kongs living environment for an ideal smart city to work and live in. Hong kong will reveal its annual budget this week, with another big surplus expected from the nowfading boom in real estate that has worsened inequality in.
The above information is mainly extracted from the website of the the hong kong 201718 budget. Davy yun, tax partner of deloitte china, and a summary highlighting the key proposals. Alongside the stabilisation in external environment, the hong kong economy showed relative improvement since the second quarter, with growth pace picking up further in the third quarter. There are no changes in the profits tax rates and allowances for 201718.
Our coverage includes a commentary and analysis in response to the budget prepared by the deloitte hong kong budget team, led by yvonne law, partner of deloitte china, and a summary highlighting the key proposals. Endorsement letter from the irish fiscal advisory council. Although we endeavour to provide accurate and timely information, there can be no. It is considered to be the most important book fair in the world for international deals and trading. The eepg brings together educational publishers from all over europe for an exchange of ideas and information. Marketing mix components must be evaluated as part of an overall marketing strategy. Copyright copyright amendment bill 2014 copyright amendment bill 2014. Profits tax persons carrying on business in hong kong are liable to profits tax on profits arising in or derived from hong kong. Tsang proposed a number of measures to enhance the competitiveness of hong kong. Government budget value in hong kong averaged 4051. According to the world trade organisation, hong kong is the worlds seventh largest merchandise trading entity in 2016. Every year it organises the best european learning materials awards. The fair has become an annual major event in hong kong with the number of visitors reaching new high every year.
Updates with details hong kong, feb 27 reuters the following are highlights of hong kongs budget for the 201920 fiscal year starting in april. Financial secretary paul chan also announced more support for public libraries, young entrepreneurs and. On 28 february 2018, the financial secretary of hong kong announced the budget for the fiscal year 201819. Hong kong budget summary 20172018 the information contained in the hong kong budget summary 20172018 is of a general nature and is not intended to address the circumstances of any particular individual or entity. Overview of holidays and many observances in hong kong during the year 2014. Structure and development of the economy hong kong is a global centre for world trade, finance, business and telecommunications, located strategically at the doorstep of the mainlands huge and vibrant economy. Hong kong budget 2015 2016 on 25 february 2015, mr john tsang delivered his eighth government budget since he became the financial secretary. China briefing looks at the winners and losers of the budget and whether it does enough to address hong kongs key challenges. Earlier today, financial secretary paul chan outlined his budget for 2019. The financial secretary of the hong kong special administrative region, mr. The labour market held broadly stable, with the seasonallyadjusted. The annual exhibition at the city hall organised by the hong kong publishing federation could be regarded as the predecessor of the hong kong book fair.