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Wine Duty Taskforce. Proposal for FY 2007-2008. Background. Wine duty in Hong Kong is too high (80% since 2002) Ad Valorem duty system is expensive to administer. High Wine Duty. Brings no increase in duty revenue Contradicts the pledge to become the region’s wine center

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wine duty taskforce

Wine Duty Taskforce

Proposal for FY 2007-2008

background
Background
  • Wine duty in Hong Kong is too high (80% since 2002)
  • Ad Valorem duty system is expensive to administer
high wine duty
High Wine Duty
  • Brings no increase in duty revenue
  • Contradicts the pledge to become the region’s wine center
  • Hinders imports of high quality wines
  • Hampers HRI trade & tourism
  • Limits consumers’ choices
ad valorem av duty system
Ad Valorem (AV) Duty System
  • Expensive to administer for the government as well as for importers & traders
  • Specific Duty (SD) system can do the same job at lower costs
objectives
Objectives
  • Form a taskforce to work on a proposal to reduce wine duty and the replacement of the AV duty system
  • Take appropriate steps to support the taskforce’s proposal
  • Reach consensus on the proposal
  • Relate the message to the government
taskforce
Taskforce
  • Various consulates
  • Wine trade
  • Tourism trade
  • HRI trade
actions
Actions
  • Survey on the general public, wine trade, HRI trade & the tourism sector
  • Study the time/costs spent on the AV duty system by the wine trade and the government
  • On-going discussions with Legislators & government officials
time line 2006
Time-line (2006)
  • Meeting potential members of the taskforce Jul/Aug
  • Formation of the taskforce End Aug
  • Agreeing on the objectives/plans of the taskforce Early Sep
  • Inviting & evaluating proposals for surveys/studies Sep
  • Surveys & Study (AV system v. SD system) Oct
  • Analysis and drafting of the proposal Nov
  • Present the final proposal to the government Dec
  • Discussions with Legislators & government officials (On-going)
  • Presentation to the media (Optional)
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