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The simplified procedures will come into operation upon gazettal of the relevant rules tomorrow (Friday). This means that applications for ex gratia payments in relation to a loss suffered as from that date can be processed under the simplified procedures.
The new arrangements have been made after consulting the Advisory Committee on Travel Agents, the Travel Industry Council of Hong Kong and the Consumer Council.
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Director convicted for tax evasion
A director of a management service company was convicted in the District Court today (Thursday) for, wilfully with intent to evade tax, signing profits tax returns for the years of assessment 1990/91 and 1991/92 without reasonable grounds for believing the same to be true, contrary to section 82(1)(d) of the Inland Revenue Ordinance.
The defendant, aged 39, is the shareholder and director of a company which carried on a business of management consultancy and property investment during the relevant period.
He was charged with three counts of offences for, wilfully with intent to evade tax, signing three profits tax returns of the company for the tax years from 1990/91 to 1992/93 without reasonable grounds for believing the returns to be true.
The defendant pleaded not guilty to the three charges.
During the relevant period, the income of the company mainly comprised rental income and management fee received from a solicitor firm.
During the three tax years from 1990/91 to 1992/93, the company charged in its tax returns, among other expenses, fictitious commission payments in the respective amounts of $600,000, $900,000 and $1,400,000.
The defendant was convicted by Judge McMahon on two counts of offences for signing profits tax returns of the company for the tax years 1990/91 and 1991/92 without reasonable ground for believing the same to be true, but was acquitted in respect of the charge relating to the tax year 1992/93 due to insufficient evidence.
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