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Hong Kong Implements Hotel Tax and Higher Air Travel Fees for Visitors

share-iconWednesday, January 01 comment-icon3 weeks ago 4 views
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scmpSCMP
Hong Kong Implements Hotel Tax and Higher Air Travel Fees for Visitors

Credited from: SCMP

  • New Tax Implementation: Beginning January 1, visitors to Hong Kong will face a 3% Hotel Accommodation Tax (HAT), reintroduced after being waived since 2008.
  • Financial Goals: This tax aims to generate approximately HK$1.1 billion (US$141.6 million) to address government deficits.
  • Comparative Rates: The tax is in line with similar levies in neighboring countries, which charge higher rates for hotel stays.
  • Increased Air Travel Costs: Travellers will also incur an additional HK$10 fee on airfares due to a rise in the Passenger Security Charge.
  • Exceptions to Tax: The hotel tax does not apply to accommodations with fewer than 10 rooms or to stays exceeding 28 consecutive nights.

For further details, visit the original article here.

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A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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