Hong Kong slashes liquor tax ...News

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Hong Kong slashes liquor tax
The import duty on spirits has been cut from 100% to 10% in an attempt to boost the economy Hong Kong has slashed its import duty on premium liquor from 100% to 10% in an attempt to boost the economy. The step was announced on Wednesday in a policy address by the Chinese region’s chief executive, John Lee. The move comes after the Chinese government earlier this month imposed anti-dumping duties of up to 39% on brandy imports from the EU, following tariffs announced by the bloc on Chinese electric vehicles. Hong Kong is a special administrative region of China and has a degree of autonomy.

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