Rates (tax)

Rates are a form of taxation system in the United Kingdom and elsewhere, such as New Zealand, historically used to fund local government.

Hong Kong

In Hong Kong, rates on property is based on the nominal rental value of the property. Unlike in England and Wales, it is still levied. Prior to 2000, it was used to fund municipal services, responsible by the now-abolished Urban Council and Regional Council, through the Urban Services Department and Regional Services Department. The revenue now goes to the treasury.

Related Topics:
Hong Kong - Urban Council - Regional Council - Urban Services Department - Regional Services Department

~ ~ ~ ~ ~ ~ ~ ~ ~ ~