1999-2000 Annual Report, Inland Revenue Department
(Text Only)


SCHEDULE 3

CORPORATIONS
PROFITS TAX CONTRIBUTIONS FROM VARIOUS BUSINESS SECTORS
Content


Final Tax Assessed for Year of Assessment
Business Sectors

1996-1997

1997-1998

1998-1999

Final Tax Assessed (Dollars Thousand)

Percentage

Final Tax Assessed (Dollars Thousand)

Percentage

Final Tax Assessed (Dollars Thousand)

Percentage

Distribution:-
Retail

1,028,752

2.3%

777,250

1.8%

454,555

1.2%

Distribution:-
Wholesale, Import and Export

7,364,897

16.2%

6,805,946

15.4%

5,568,802

14.9%

Distribution:-
Foreign Corporations carrying on Import and Export

106,764

0.2%

129,765

0.3%

91,687

0.2%

Public Utilities

2,750,576

6.0%

2,789,153

6.3%

3,948,746

10.6%

Estate Development, Investment and Finance (other than Banking)

14,267,393

31.3%

14,024,954

31.7%

12,125,076

32.6%

Banking

8,708,275

19.1%

8,913,920

20.2%

5,754,688

15.5%

Manufacturing:-
Clothing and Textiles

755,233

1.7%

672,065

1.5%

634,331

1.7%

Manufacturing:-
Food and Beverage Products

273,920

0.6%

246,034

0.6%

188,666

0.5%

Manufacturing:-
Steel and Other Metals

229,251

0.5%

205,288

0.5%

222,701

0.6%

Manufacturing:-
Printing and Publishing

388,340

0.9%

440,731

1.0%

320,752

0.9%

Manufacturing:-
Others

2,308,078

5.1%

2,467,264

5.6%

2,098,263

5.6%

Shipping (including Shipping Agents, Shipbuilding, Docking, Travel Agents, Air Forwarding Agents and Airline Booking Agents)

572,920

1.3%

496,570

1.1%

432,966

1.2%

Hotels, Restaurants and Amusement Centres

1,181,526

2.6%

944,740

2.1%

603,709

1.6%

Stevedoring, Wharfing and Godowns

754,209

1.7%

782,613

1.8%

876,696

2.4%

Clubs and Associations

423,999

0.9%

457,346

1.0%

475,455

1.3%

Insurance Companies and Insurance Agents

253,815

0.6%

263,409

0.6%

237,800

0.6%

Non-resident Corporations Trading through Agents including Consignment Tax)

201,793

0.4%

176,732

0.4%

202,024

0.5%

Building Contractors and Engineering Works

1,105,075

2.4%

1,166,994

2.6%

1,072,469

2.9%

Aircraft Owners and Operators

240,141

0.5%

59,558

0.1%

49,833

0.1%

Taxis, Hire Cars, Public Light Buses and Motor Boats

38,320

0.1%

29,478

0.1%

29,402

0.1%

Miscellaneous

2,542,130

5.6%

2,350,971

5.3%

1,857,298

5.0%

Total

45,495,407

100%

44,200,781

100%

37,245,919

100%

 

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(Last updated/reviewed : August 30, 2001))