The government’s tax income rose by a record 24 percent last year to a new high of HK$301.9 billion, the Inland Revenue Department said in its annual report.
Stamp duty collections saw the biggest increase in 2014, surging 80 percent from HK$41.5 billion to HK$74.8 billion.
Profits tax collections rose 14 percent to HK$137.8 billion, while salaries tax intake grew by 6.7 percent to HK$59.3 billion.
Meanwhile, tax refunds dropped 2.1 percent from HK$12.02 billion to HK$11.78 billion.
The report also said tax revenue made up 75.9 percent of the government’s general revenue last year.
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