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PRESS RELEASE

(Source : Government Information Centre)
 

LCQ4: Recovered profits and salaries tax

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Following is a question by the Hon Eric Li and a written reply by the Secretary for the Treasury, Miss Denise Yue, in the Legislative Council today (April 4):

Question :

Will the Government inform this Council, in respect of the cases which have been audited by the Field Audit Group of the Inland Revenue Department, of the respective amounts of back profits tax and salaries tax recovered in the assessment year 2000-01?

Reply :

President,

The amounts of back profits tax and salaries tax recovered from cases audited by the Field Audit officers of the Inland Revenue Department in the 2000-01 year of assessment (as at the end of February 2001) are $520 million and $50 million respectively.

End/Wednesday, April 4, 2001

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