Hong Kong's Chief Executive John Lee reduces liquor tax to revitalize nightlife and tourism sectors.

Hong Kong's Chief Executive John Lee announced a significant reduction in liquor tax, effective October 16, as part of efforts to revitalize the nightlife and tourism sectors. The tax on premium liquor priced above HK$200 (US$25.74) will drop from 100% to 10%, while rates for lower-priced liquor remain unchanged. This initiative aims to stimulate the liquor trade and support high-value industries like logistics and tourism, enhancing Hong Kong's appeal as a travel destination.

October 16, 2024
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