Revenue Collection
The department collects revenue from four categories of dutiable
commodities: alcoholic beverages, tobacco, hydrocarbon oil and methyl
alcohol. In 1997, it collected $8.74 billion in revenue from dutiable
commodities, representing an increase of 6.2 per cent over 1996.
The department also assesses the taxable values of motor vehicles under
the Motor Vehicles (First Registration Tax) Ordinance for the purpose of
levying first registration tax. In 1997, the Motor Vehicles Valuation Group
registered a total of 136 motor traders and assessed the provisional taxable
value on 66 931 vehicles.
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