Profits Tax

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Profits Tax

A term for the corporate tax in Hong Kong.
References in periodicals archive ?
Profit tax will hereafter be paid right after calculation instead of after dividend payment as has so far been the case.
So, next year, the profit tax rate will be lowered from 21% to 19%.
RBC Daily reported this morning that in order to address this issue, the government is considering the introduction of an excess profit tax for the oil industry.
The chamber recommended lowering the profit tax from the current 16.
The Jamaican Cabinet has approved an amendment to the Betting, Gaming & Lotteries Act regulations to allow for the introduction of sports betting and payment of a 9% gross profit tax on sports betting offered by licensees, reports OPM (Sept.
The "oil industry's stellar results renewed talk among some politicians for a windfall profit tax that would push companies to invest even more in new production and refining capacity.
But Tom Kelly, director-general of the Betting Office Licensees' Association, retorted in a letter to the Racing Post yesterday: "The decision by the Chancellor to replace the current turnover tax on betting with a gross- profit tax was motivated not only by a desire to prevent domestic turnover from going offshore, but also by a wish to attract overseas bets into this country.
No single fiscal pattern appears to have emerged in Azerbaijan's contracts: in some, the contractor, besides profit sharing, is also subject to profit tax at a negotiable rate; in others, the tax inspectorate will issue a certificate certifying payment of the profit tax.
This credit would offset a large portion of a business's gross profit tax under the Nunn/Domenici proposal.
It gives the estimated impact on each income group of the gas tax cuts offered by McCain and Clinton, as well as the oil profit tax proposed by Clinton and Obama.
The government is canceling the anti-crisis measure of the last five years that has exempted firms from paying profit tax on their gain that has not been paid in dividend.
The highest profit tax receipts come from trade for 10 months of 2013, reported Tazabek with reference to the State Tax Service.