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