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Cut in Alcohol Tax Following the Budget Speech presented by the Financial Secretary Mr John Tsang Chun-wah on 27th February, Wednesday morning, in which he reduced the tax on beer from 20% to 0% and on wines from 40% to 0%, the Lan Kwai Fong Entertainments group will take the following action in the interest of our customers: The menu price of beer affected by this tax cut will be reduced by 4-5% in our establishments starting immediately. The menu price of wines affected by this tax cut will be reduced by 10-20% in our establishments starting immediately. Lan Kwai Fong Entertainments commends this tax cut for boosting the food & beverage industry, and promoting Hong Kong as an affordable tourist destination while maintaining world-class levels of service, and we look forward to further cuts in the future. To celebrate this rate cut, Lan Kwai Fong Entertainments invites its customers to enjoy beer & wine at the newly reduced prices. Lan Kwai Fong Entertainments owns and operates high-end restaurants and bars in the trendy Lan Kwai Fong district of Central. Founded by Dr. Allan Zeman, this group offers innovative and creative F&B services to private individuals and corporate clients alike. www.LKFE.com (information provided by the company)
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