HK

IRD Tax Evasion Ruling: Businessman Sentenced to 5 Months’ Imprisonment

Tax

On 26 October 2026, a local businessman was sentenced to 5 months’ imprisonment and fined HK$60,000 by the District Court following an Inland Revenue Department (IRD) prosecution for tax evasion. The case underscores that the IRD actively pursues custodial sentences for intentional tax omissions and fraud—not just monetary penalties. Under the Inland Revenue Ordinance, tax

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Hong Kong 2026–27 Budget: Driving High-quality, Inclusive Growth with Innovation and Finance

Budget

Hong Kong’s Financial Secretary, Mr. Paul Chan, delivered the 2026–27 Budget today, unveiling a financial blueprint that signals renewed fiscal strength and ambitious plans for innovation-driven growth. Key Highlights Strategic Investments What This Means for Businesses For Hong Kong’s business community, the 2026–27 Budget signals a supportive environment for growth, particularly in technology and innovation

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