Hong Kong’s tax revenue rose by 22 per cent to HK$458.3 billion (US$58.5 billion) in the past financial year, driven by a buoyant stock market and increased property transactions.
Commissioner of Inland Revenue Benjamin Chan Sze-wai announced on Monday the provisional tax figures for the year ending March 31.
Stamp duty jumped by 61 per cent to HK$102.6 billion, profits tax rose by 20 per cent to HK$212.6 billion and salaries tax increased by 10 per cent to HK$97.7 billion.
“The volume of…