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Hong Kong tax revenue jumps 22% to HK$458 billion

South China Morning Post · · 226 words · By Oscar Liu
open_in_new Read the original article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352356/hong-kong-…

fact_checkFact-Check Results

7 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 5
cancel Disputed 1
check_circle Corroborated 1
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“Hong Kong’s overall tax revenue rose 22 per cent to HK$458.3 billion (US$58.5 billion) last year”
DISPUTED
The claim states tax revenue rose 22% to HK$458.3 billion. However, the provided web search evidence explicitly states that the city recorded HK$374.5 billion in tax revenue for 2024-25, which was an increase of 10%, not 22%.
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wikipedia NEUTRAL — 999-year leases in Hong Kong are a rare form of lease in Hong Kong.
https://en.wikipedia.org/wiki/999-year_leases_in_Hong_Kong
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wikipedia NEUTRAL — Hong Kong has over 9,000 high-rise buildings, of which over 1,000 are skyscrapers standing taller than 100 m (328 ft) with 567 buildings above 150 m (492 ft) as of 2025, according to the Council on Ta…
https://en.wikipedia.org/wiki/List_of_tallest_buildings_in_H…
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wikipedia NEUTRAL — The Decision of the National People's Congress on Establishing and Improving the Legal System and Enforcement Mechanisms for the Hong Kong Special Administrative Region to Safeguard National Security …
https://en.wikipedia.org/wiki/National_People's_Congress_dec…
+ 3 more evidence sources
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“Commissioner of Inland Revenue Benjamin Chan Sze-wai announced on Monday the provisional tax figures for the year ending March 31”
CORROBORATED
Multiple web search results confirm that Commissioner of Inland Revenue Benjamin Chan Sze-wai announced tax figures and the distribution of tax forms for the assessment year.
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wikipedia NEUTRAL — The 1925 Birthday Honours were appointments by King George V to various orders and honours to reward and highlight good works by citizens of the British Empire. The appointments were made to celebrate…
https://en.wikipedia.org/wiki/1925_Birthday_Honours
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wikipedia NEUTRAL — Queen's Birthday Honours are announced on or around the date of the Queen's Official Birthday in Australia, Canada, New Zealand and the United Kingdom. The dates vary, both from year to year and from …
https://en.wikipedia.org/wiki/1987_Birthday_Honours
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wikipedia NEUTRAL — Somerset House is a large neoclassical building complex situated on the south side of the Strand in central London, overlooking the River Thames, just east of Waterloo Bridge. The Georgian era quadran…
https://en.wikipedia.org/wiki/Somerset_House
+ 3 more evidence sources
info
“The increase was led by a 61 per cent surge in stamp duty to HK$102.6 billion”
SINGLE SOURCE
The provided evidence for this claim consists of irrelevant YouTube videos and a Bloomberg article about home prices, but contains no specific data regarding stamp duty revenue figures or percentages.
travel_explore
web search NEUTRAL — What is happening right now in Hong Kong can affect you! It's a massive eye-opener!Tune in for our live show this coming Thursday about Hong Kong over on the...
https://www.youtube.com/watch?v=ZQM0NL6fBU8
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web search NEUTRAL — Hong Kong, Hong Kong — online map with photos and routes.
https://yandex.com/maps/geo/2019555895/
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web search NEUTRAL — Memo to Hong Kong developers calling for the government to ease property curbs amid a slump in home prices: Don’t hold your breath.Last year, households with a monthly income above HK$50,000 increased…
https://www.bloomberg.com/news/articles/2016-05-30/hong-kong…
info
“a 20 per cent rise in profits tax to HK$212.6 billion”
SINGLE SOURCE
The evidence provided includes general tax rate lists and profit reports for specific companies (Disneyland, Esprit), but does not provide the overall profits tax revenue for Hong Kong.
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web search NEUTRAL — Taxation in Hong Kong.20% (10% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €40,000). — N/a. — N/a.
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
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web search NEUTRAL — Hong Kong Disneyland Resort posted a 36 per cent drop in net profit to HK$536 million (US$68 million) last year, due to higher costs, increased outbound travel by residents and weather disruptions, al…
https://www.scmp.com/news/hong-kong/hong-kong-economy/articl…
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web search NEUTRAL — HONG KONG, Mar 30, 2022 – (ACN Newswire via SEAPRWire.com) – ESPRIT HOLDINGS LIMITED (the “Company”, together with its subsidiaries, “ESPRIT” or the “Group”; HKEx: 00330) has announced its audited fin…
https://deutschenme.com/seaprwire/esprit-fy2021-net-profit-a…
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“a 10 per cent increase in salaries tax to HK$97.7 billion”
SINGLE SOURCE
The evidence discusses general tax rates and salary statistics but does not provide the specific total revenue figure for salaries tax (HK$97.7 billion) or the percentage increase.
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web search NEUTRAL — Taxation in Hong Kong.19% (9% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €1.2 million and that have "small taxpayer" status)[224]. 9% (under 30.000 złot…
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
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web search NEUTRAL — Assistance Outside Hong Kong.profits tax, salaries tax and tax under personal assessment. * Legislative amendments are required for implementing the tax measures as proposed by the Financial Secretary…
https://www.gov.hk/en/residents/taxes/taxfiling/taxrates/sal…
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web search NEUTRAL — Top 10 Countries with the Highest Average Salaries. Average Monthly Salary by Country 2025 (After Tax), Salaries and Financing. Made with Flourish • Create a hierarchy graph.
https://countrycassette.com/average-monthly-salary-by-countr…
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“average daily turnover on Hong Kong Exchanges and Clearing rose in the latest financial year”
SINGLE SOURCE
The provided evidence consists of redirects and reviews for visual novels (VNDB), which are completely irrelevant to the HKEX turnover.
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web search NEUTRAL — The Visual Novel Database ... Redirecting...
https://vndb.org/v19073/chars?view=0s-bfGNIRxg
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web search NEUTRAL — 307 Temporary Redirect 307 Temporary Redirect nginx
https://vndb.org/v19073/chars?view=0s-3rCa3qlY
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web search NEUTRAL — Also my 2nd time play Yuzusoft VN after Parquet. And my first R18 Yuzusoft VN. In VNDB, this VN rated good with average 7,8 (may change later, also why, this VN is good tho...). Let's see this VN; Her…
https://vndb.org/v19073/reviews?l=2
info
“According to financial intelligence firm LSEG Data and Analytics, a total of 37 companies raised about US$13.26 billion on the stock exchange’s main board in the first three months of this year, a 453 per cent increase year on year”
SINGLE SOURCE
The provided evidence consists of linguistic discussions about the word 'first' and 'firstly' from Zhihu, which are completely irrelevant to LSEG Data and Analytics or HKEX main board fundraising.
travel_explore
web search NEUTRAL — 以下是一些例句： The first step is to gather your materials. Firstly, let's discuss the budget. First of all, we need to identify the problem. 在大多数情况下，"first" 和 "firstly" 可以互换使用，但 "firstly" 通常用于强调某件事是最重要的。 "f…
https://www.zhihu.com/question/626729181
travel_explore
web search NEUTRAL — Feb 20, 2020 · “First” 和 “frist” 的正确拼写和使用问题，解答了常见的拼写困惑。
https://www.zhihu.com/question/373307259
travel_explore
web search NEUTRAL — Last name 和 First name 到底哪个是名哪个是姓？ 上学的时候老师说因为英语文化中名在前，姓在后，所以Last name是姓，first name是名，假设一个中国人叫孙悟空，那么他的first nam… 显示全部 关注者 460
https://www.zhihu.com/question/20031049?sort=created
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.