Hong Kong Businessman Convicted of Tax Evasion, Sentenced to 5 Months' Imprisonment and Fined
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On October 26, 2026, the Hong Kong Regional Court convicted a businessman of tax evasion, sentencing him to 5 months' imprisonment and imposing a fine of HK$60,000. The businessman had previously pleaded guilty to 4 counts of tax evasion in violation of the Inland Revenue Ordinance. He underreported wage expenses totaling HK$803,000, involving tax evasion of HK$98,858. A spokesperson for the Hong Kong Inland Revenue Department reminded that tax evasion is a criminal offense under the Inland Revenue Ordinance. Upon conviction for each count, the maximum penalty is 3 years' imprisonment, a fine of HK$50,000, plus an additional fine equivalent to 3 times the amount of tax evaded.
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- Hong Kong Inland Revenue Department: Latest NewsHong Kong Inland Revenue Department Reports Businessman Sentenced to Imprisonment and Fine for Tax Evasion
A businessman was convicted at the Hong Kong District Court on October 26 for tax evasion, sentenced to 5 months' imprisonment and a fine of HK$60,000. The case involved 4 charges of violating the Inland Revenue Ordinance (Chapter 112), with false claims of wage expenses totaling HK$803,000, involving tax of HK$98,858. A spokesperson for the Hong Kong Inland Revenue Department reminded that tax evasion is a criminal offense under the Inland Revenue Ordinance; upon conviction for each charge, the maximum penalty is 3 years' imprisonment, a fine of HK$50,000, plus a further fine equivalent to 3 times the amount of tax evaded.
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