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Newsletter, Tax Investigation / Field Audit

January 25, 2022

Case 2: 6-week imprisonment to both directors for False Claim on limited company expenses

Hong Kong Tax Prosecution CasesHong Kong Inland Revenue Department is taking more stringent approach in handling tax evasion and avoidance cases. The number of Field Audit & Investigation Cases has [...]

Newsletter, Tax Investigation / Field Audit

January 25, 2022

Case 1: 12-week imprisonment for Incorrect Holdover Application and False Claim on Self-education expenses and Donations

Hong Kong Tax Prosecution CasesHong Kong Inland Revenue Department is taking more stringent approach in handling tax evasion and avoidance cases. The number of Field Audit & Investigation Cases has [...]

Newsletter, Tax Investigation / Field Audit

June 30, 2021

Change in interest on Tax Reserve Certificates

Starting from June 2021, the new annual interest rate on Tax Reserve Certificates (TRC) to taxpayers will be revised downward to 0.05% from previous rate of 0.0833%, i.e. monthly interest [...]

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