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Former association deputy director given suspended
jail sentence
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A former deputy director of the Hong Kong Management Association
was today (August 15) sentenced to six months' jail suspended for
two years after being convicted of salaries tax evasion.
Lau Tai-fai, who was also a former
part-time lecturer with the association, was fined $361,800 in the
District Court. The fine represented about 180% of the tax evaded.
The court was told that Lau made
use of a sole proprietary business owned by his father to receive
his part-time remunerations. His part-time lecturer's remunerations
totalling $1,365,550 were omitted from his Tax Returns for the years
of assessment 1996-97 to 2001-02, contrary to section 82(1)(d) of
the Inland Revenue Ordinance.
As his father was an aged retiree,
the part-time lecturer's income reported by the sole proprietary
business did not exceed the personal allowance due to his father.
As a result, his father was not required to pay any tax for the
part-time income. The total amount of tax evaded was $201,255.
The Inland Revenue Department reminded
taxpayers that tax evasion was a criminal offence under the Inland
Revenue Ordinance carrying a maximum penalty of three years' imprisonment
and a fine of $50,000 and a further fine of three times the amount
of tax evaded.
A department spokesman said the department
adopted a zero tolerance policy against tax evasion and would carry
out prompt investigation and institute prosecution action as appropriate.
"Depending on the complexity
of the case and transactions involved, the department takes every
possible step to complete investigations as soon as possible and
initiate criminal prosecution if there is sufficient evidence,"
the spokesman said.
Ends/Wednesday, August 15, 2007
Issued at HKT 18:17
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