Newsletter, Tax Investigation / Field Audit
[Income Omission] 14-month Jail Sentence and Fine for a Businessman Convicted of Omitting Company Turnover and Property Rental Income of less than HK$1 Million
In our September 2022 Issue of Newsletter, we will discuss Hong Kong Tax Update on COVID-19 and two recent prosecuted tax evasion cases published by the Inland Revenue Department (“IRD”).3. [...]
Newsletter, Tax Investigation / Field Audit
[Fictitious Expense Claim] 9-month Jail Sentence for Insurance Agent Convicted for Tax Evasion of less than HK$100K
In our September 2022 Issue of Newsletter, we will discuss Hong Kong Tax Update on COVID-19 and two recent prosecuted tax evasion cases published by the Inland Revenue Department (“IRD”).2. [...]
Newsletter, Tax Investigation / Field Audit
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
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
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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