(I)||Inland Revenue Ordinance
|Where any tax is in default, Commissioner of Inland Revenue (CIR) may at his discretion impose a fine.
||A sum or sums not exceeding 5% in all of the amount in default to be added to the tax.
|Where on the expiry of a period of 6 months from the date when any tax is deemed to be in default, CIR may impose a fine.|
|A sum or sums not exceeding 10% in all of the unpaid amount to be added to the unpaid amount.|
|(II)||Travel Agent Ordinance|
Travel Industry Compensation Fund
(Amount of Ex Gratia Payments and Financial Penalty) Rules
|Travel Industry Compensation Fund Management Board may impose on the travel agent concerned a financial penalty.
- $10,000 as regards a failure to pay levy.
- $50,000 as regards a second failure within the period of 2 years beginning on the date of a previous failure.
- $100,000 as regards a third or any subsequent such failure with the period of 2 years referred to in (b).
|(III)||Pneumoconiosis (Compensation) Ordinance
|If levy or surcharge is not paid to the Pneumoconiosis Compensation Fund Board within the prescribed time, the Board may impose a fine.
||5% of the amount unpaid.
|If levy or surcharge including penalty above is not paid within 3 months after the expiry of the prescribed period, another fine may be imposed.
||$1,000 or 5% of the amount unpaid, whichever is greater.