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Woman fined for tax fraud

May 18, 2016

A 39-year-old bank manager has been fined $60,000 for evading salaries tax.

 

The defendant was convicted at Kwun Tong Magistracy for making false statements in seven tax returns from 2005-06 to 2011-12, by claiming $378,000 in deductions for self-education and charitable donation expenses.

 

She failed to produce sufficient evidence to support her deduction claims and the Inland Revenue Department found she had only made a donation of $200 to a charity during the 2009-10 year of assessment.

 

The total amount of the false deduction claims for the seven years was $377,800 and the total tax evaded was $66,426.

 

She was issued the fine and sentenced to six-months' jail, suspended for two years.



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