Hong Kong Gov't issues 2.4m tax returns

Reductions from the amended Inland Revenue would reflect in their tax returns.

Hong Kong's Inland Revenue Department sent out 2.4 million tax returns for taxpayers to file by 2 June.

Sole proprietors of unincorporated businesses have until 2 August to file their taxes.

Those who would file their eTAX would have a one-month extension and can log in anytime to keep records for any tax deductions, such as approved charitable donations, that could be eventually pre-filled by the system automatically.

They could also submit up to five files totalling 200MB for their online application on amending tax assessments or provisional tax.

Corporations and businesses could also file their profits tax returns with supporting documents through eTAX.

The city's Inland Revenue (Amendment) (Child Allowance and Tax Concessions) Bill 2023 reduced the profit tax, salaries tax, and tax under personal assessment for 2022-2023 by 100%, subject to a ceiling of $6,000 per case.

Tam Tai-pang, the department's Commissioner, said taxpayers only need to complete their tax returns as usual, and the reduction would reflect in their assessments accordingly.

Tam added that they should also complete Part 8 of their tax return for their tax cut on domestic rent.

Also Read

HK’s labour force reaches 3.83 million in Q3

UOB, SGE ink MoU to deepen gold market cooperation

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit