Hong Kong will cut tax on liquor with an import price of over HK$200 to boost tourism and consumption of high-end food and beverages, the city’s leader has announced in the 2024 Policy Address. The existing 100 per cent tax on the import price of liquor with an alcoholic strength of more than 30 per cent will be slashed for the most expensive brands, Chief Executive John Lee said on Wednesday when he presented the annual address to the legislature. The duty on liquor with an import price of over HK$200 will be reduced from 100 per cent to 10 per cent for the portion above HK$200, starting on W…