Hong kong dollar exchange rates for march 31, 2017 331. Hong kong taxi users face higher fares south china. New charges are expected to take effect from april 9. Mr fergus wong, fcca, council member, acca and member, tax subcommittee, acca hong kong fergus is the tax director at pwc hong kong. The values in the exchange rate column provide the quantity of foreign currency units that can be purchased with 1 hong kong dollar based on historical exchange rates. Hong kong airport taxi drivers dont give a set rate fee to downtown, they calculate the cost using a. This page provides hong kong corporate tax rate actual values, historical data, forecast, chart, statistics, economic calendar and news. Dont be too alarmed though, the increase in fare is minimal, and if youre taking a taxi, im sure you can afford it. Hong kong taxi fares to increase in april hong kong free press. In the longer term, hong kong could consider the feasibility of allowing more flexibility in the taxi fare regulatory regime when hong. The standard tax rate will remain at 15% on employment income less allowable deductions but without deduction of personal allowances. City cabs hong kong, hong kong cabs service, hong kong. Exchange rates for the hong kong dollar against foreign currencies from asia and pacific are displayed in the table above. Hong kong taxi extra charge hong kong forum tripadvisor.
The taxi tariff hong kong was last set in march 2018 and published in the official tariff ordinance. The service area of the three types of taxis are defined by the government in the 1960s. Easy 18500 taxi in hong kong 16xxx red cab 1700 green cab and 50 blue cab, each taxi is worth 7mil hkd, so the overall market value is around 100billion hkd in terms of maket cab. The information in this booklet is based on taxation laws and practices as of 22 february 2017 and incorporates legislative proposals and measures contained in the 201718 hong kong budget announced on the same date. Occasionally, there are rogue taxi drivers who dont use the meter. This paper investigates the nature of demandsupply equilibrium in a regulated market for taxi service. In addition, the tax treaties with latvia signed in 2016 as well as belarus and pakistan both signed in 2017 entered into force in 2017. Hong kong taxi 15122006 taxi fare list in star ferry pier.
Taxi stands are plentiful around hong kong, specially near tourist spots, but you can also flag a taxi down the street unless it is a nostopping restricted zone marked with yellow stripes when taking a taxi from the airport, beware of the guys at the arrivals hall offering you want taxi. Hong kong taxi fare calculator hong kong taxi fare finder. Rates have steadily increased over the 6 years i have lived here. The port cargo movements between hong kong and the mainland of china the mainland accounted for. Hong kong taxi fare calculator hong kong forum tripadvisor. The hong kong government has approved an increase in taxi fares for the first time in just over three years. The maximum tax is subject to the 15% standard rate for income without personal deductions and credits. You can find hong kong taxi fare and cab fare cards and know the fare structure and all the details before you travel in hong kong.
Dividend income and interest income derived from deposits are tax exempt too. Uber, lyft estimates use rideguru all results are estimates and may vary depending on. We are thinking of getting a taxi from big budda to tai o how much. To enjoy this discount, customers will need to call through a central hotline and wait for a taxi to be assigned to them. Hong kong tax rates for 20162017, 20152016, 20142015 hong. From a shuttle to the airport for an early flight, a dash across town for a business lunch, or a late pickup after watching the sunset from kowloon, you can hire a premium limo service in hong. Hong kong taxi fare card hong kong taxi fare chart. Taxi fare calculator in hong kong estimate taxi fares fromto the airport, hotels, bars, monuments or anywhere in hong kong. For taxi booking in hong kong simply make a call and tell them your desired pickup and dropoff locations. Hi everyone, i am going to hong kong this wednesday for 1 week. Compare taxi fares in 88 of the worlds most popular travel cities here, ranging from cheapest to most. Hong kong tax rate hk tax guidemehongkong by hawksford. Make sure they turn on the meter when the taxi departs.
Hong kong tax rates for 20162017, 20152016, 20142015. We understand the importance of quality and one time service. If you are going to visit hong kong or china, we can help you to start your visit stressfree. The information in this booklet is based on taxation laws and practices as of 22 february 2017 and incorporates legislative proposals and measures contained in the 2017 18 hong kong budget announced on the same date. Todays live euro into hong kong dollar exchange rate. Technology cruises past owners of taxi licenseshongkong. The port cargo movements between hong kong and the. Hon kong tax rate for 2016 2017, 20152016, 2014 hong kong income tax rate from 2010 onwards. Every period of 1 minute waiting time or part thereof. Apart from that the fares and operating areas are regulated by the. The average transaction price for gradea office space was up by 3. There is no capital gain tax for both companies and individuals.
The key features of hong kong s salary tax are as follows. Here i will list out the phone numbers of all taxi call centers in hong kong. You can find these on the taxi fare hong kong details page. Hong kong international airport airport transfers the airport is located on the hong kong island of chek lap kok and is a hub for business and leisure travellers from around the world. Hong kong airport transfers from hkg airport to hotel or downtown. But still, hong kong cabs are a great deal with safe and efficient service. This is a representative example of what it may cost. Annual income level at which salaries taxpayers approach the standard rate zone. The taxation institute of hong kong and a certified tax adviser hk.
These are unions of taxi drivers who offer discounts of up to 20% off the metered fare to passengers. All rate information including base fee, kilometer price as well as standing and waiting time can be found clearly arranged on taxi. Taxis in hong kong are all metered, relatively cheap, airconditioned and clean. What a 3kilometer taxi fare is in 88 big cities in 2017. Unincorporated businesses pay a lower corporate tax rate of 15%. Price of taxi trip on a business day, basic tariff, 8 km.
Hong kong forum, travel discussion for hong kong, china. Hong kong airport taxi drivers dont give a set rate fee to downtown, they calculate the cost using a taximeter. Hong kong shopping hong kong travel forum hong kong pictures hong kong map hong kong guide. Managing director of moneyhero, rachel lam, announced the winners of the seven credit card awards. Although a few taxis are independently owned and operated, the vast majority are owned by 17 independent taxi companies that rent out taxis on a shift basis to 40,000 selfemployed drivers. Your alternative to a taxi in hong kong with online booking. The taxi industry in hong kong is facing a turning point. Book taxi hong kong hong kong airport to city hong kong. Hong kong taxi groups call for 18pc fare hikes as inflation, operating costs increase. Among these taxis, there are also discount taxi syndicates. Our daily service includes hong kong transfer,crossborder service to mainland china, and other short and longterm luxury vehicle hire. If you encounter any problems while using a hong kong taxi, such as suspected overcharging, take down the taxi drivers name and licence plate number as shown on the taxi driver identity card on the dashboard.
The hong kong international airport sees several million passengers every year who enjoy the modern facilities. This page will calculate your cab fare using hong kong, china taxi rates. The taxi trade is regulated by the government, as are the fare scales. Apr 01, 2017 starting april 9, 2017, taxi fares in hong kong will be increasing. One can opt for daily, weekly, monthly and annual pass according to the. On 7 february 2017, the chief executive in council approved adjustments to the urban, new. If you encounter any problems while using a hong kong taxi, such as suspected overcharging, take down the taxi drivers name and licence plate number as shown on. Blacklane has chauffeurs on stand by to transfer you to the airport, ensuring a timely arrival for your flight, and a pickup service including a meet and greet at arrivals when you. Red for urban taxis, green for new territories and blue for this on lantau island. Providing you with estimated fares, fares comparisons, our website answers all your questions about taxi fares in hong kong. Hong kong taxi guide note taxi fares are increasing slightly apr 9, 2017. Wechat pay was aiming to secure half the market within three to six months. Discuss hong kong travel with tripadvisor travelers.
Transport, communications and tourism publications. Hong kong taxi users face higher fares south china morning post. It is the last budget delivered by the current administration, whose term will expire by the end of june 2017. Blacklane limos operate in hong kong and can be booked online or via their android or iphone apps. Moneyhero has successfully held the first credit card award ceremony in hong kong, moneyhero 2017 credit card awards at the central eaton house on june th, 2017.
He has been a committee member of acca hong kong since 2006, serving as the cochairman of its tax. Hong kong airport transfers hong kong taxi hong kong. We are delivering private transportation for groups and individuals, holidays and business, from hong kong chek lap kok airport hkg to hong kong city, hong kong disneyland and to top destinations in china, with a large fleet of budget and premium vehicles, 7 seater minivans. Hong kong taxi fare calculator taxi fares in hong kong. Unlike flat corporate tax rate, hong kong s salary tax rates follow a progressive tax rate system. Get a hong kong taxi fare calculator and calculate the fare for any distance around hong kong without any hassle. Mar 31, 2017 exchange rates for the hong kong dollar against foreign currencies from asia and pacific are displayed in the table above.
As of 2017, there were 18,163 taxis in hong kong, of which 15,250 were urban taxis, 2,838 were new territories taxis, and 75 were. Hong kong monthly research residential 190 however, hong kongs home prices amid the price rises, compared with 25 years knight frank residential sales dropped about 20% month on month in may 2017, attributable to the ongoing implementation and further tightening of property market cooling measures, including a 15% stamp duty levy in april. If you cant read the price, the taxi number, or the fine print on the receipt, ask for a handwritten version. Hi, do you know is there any accurater taxi fare calculator website or app as i want to calculate my taxi fare in hong kong.
Taxi tariffs in hong kong are officially set by cities or districts. Minimum corporate tax the minimum tax tax licence after deducting tax allowances and considering the tax that a legal entity must pay abroad, ranges from eur 480 to eur 2,880 depending on the annual turnover and on whether or not the entity is a. During late 2017 epayment platforms had entered the hong kong taxi market with about 1,500 taxis signing up with alipay and 1,000 taxis having signed up for wechat pay transactions. Nov 11, 2017 the taxation institute of hong kong and a certified tax adviser hk. A list of hong kong taxi fare cards for various cities is given here. Apr 20, 2020 although hong kong s port cargo throughput decreased slightly from 259. What are taxi cab rates in hong kong per kilometer. Avoid taxis with their flags covered, especially a tourist popular spots lan kwai fong, harbour city, peak tram terminus, the peak.
On the one hand, there is the challenge of the sharing economy, spearheaded by the entry of uber into the hong kong market. Hong kong is a bustling city no matter the hour, and blacklane offers a roundtheclock professional black car service in hong kong that can be there for you, whenever and wherever you need it to be. Is anyone able to help, we will be arriving off a cruise ship at kai tak cruise terminal and going to kowloon shangrila hotel what will be the approx. Apr 09, 2017 hong kong visitors guide hong kong taxi guide note taxi fares are increasing slightly apr 9, 2017. How much is the average price for breakfast, lunch and dinner.
Learn more about how you can support us and ensure our independence. Hong kong, china taxifarefinder taxi fare estimates. Hong kong taxicabs are the principal taxi service in hong kong. I would like to know how much should i budget for my meals in hong kong. Hong kong corporate tax rate 19972019 data 20202022. Hong kong signed three new tax treaties during 2017, bringing the total number of hong kong tax treaties to 38 as of december 2017. Taxi rate hong kong the official 2020 valid taxi rate on. Hong kong tax guide 20162017 the hong kong pkf tax guide 20162017 provides details about tax in hong kong and contact details for local tax specialists in local pkf firms who will be able to provide taxation advice to help your business. Both corporate and personal tax rates of hong kong are considered as one of the lowest in the world. The apr interest rate you will be charged will depend on your personal circumstances, and will be between apr. There are five marginal tax brackets of 2%, 6%, 10% and 14% and 17%. Taxis en hong kong informacion, tarifas y consejos. The need for the three different types was to avoid clustering of taxis in the more populatedprofitable areas of the territory, and a shortage in others.
Hong kong taxi fares to increase in april hong kong free. The taxi rate hong kong was last set by the authorities march 2018. Card options are also available for the frequent adults, students, senior citizens and differently abled travellers. We have been quoted a price from our hotel for a limousine but not sure if. The scale 2 rates apply to residential property acquired by a hong kong permanent resident who does not own any other residential property in hong kong at the time of acquisition and in some other specified circumstances.
Hong kong tax guide 2016 2017 the hong kong pkf tax guide 2016 2017 provides details about tax in hong kong and contact details for local tax specialists in local pkf firms who will be able to provide taxation advice to help your business. Hong kong island kowloon transactions for hong kong island gradea offices remained active. Distinguished from conventional economic analysis, a network model is used to describe the demand and supply equilibrium of taxi services under fare structure and fleet size regulation in an either competitive or monopoly market. Hon kong tax rate for 20162017, 20152016, 2014 hong kong income tax rate from 2010 onwards. The corporate tax rate for 2017 tax period starting not earlier than 1 january 2017 is 21%. Taxi rate hong kong the currently valid taxi tariff published march 2018 20180316 info about this taxi rate. Book taxi hong kong delivers airport taxi services from bangkok chek lap kok airport hkg using exclusively authorized vehicles, endowed with an official license issued by local authority for people transportation, and regular insurance for the transport of peoples as required by law. To begin, enter your travel information in the fields below the map. Although hong kongs port cargo throughput decreased slightly from 259.700 971 433 203 857 1286 591 1377 1330 408 155 84 1479 86 139 396 873 1037 569 1315 282 182 85 1463 1345 138 211 1119 369 954 1019 202 1421 449 461 372 300